The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at 11.5 per cent.

This was disclosed by the CBN Governor, Godwin Emefiele,  after the committee’s two-day meeting in Abuja on Tuesday.

It also retained the Cash Reserve Ratio and Liquidity Ratio at 27.5 per cent and 30 per cent respectively.

The committee at the last MPC meeting in September reduced the MPR from 12.5 per cent to 11.5 per cent.

Details shortly…