Again, CBN raises MPR by 50 basis points

The Monetary Policy Committee (MPC), on Tuesday announced another increase in the country’s Monetary Policy Rate (MPR), known as the baseline interest rate, to 26.75 per cent from 26.25 per cent.

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The MPC also adjusted the Asymmetric Corridor to +500/-100 basis points from +100/-300 basis points around the MPR.

Governor of the Central Bank of Nigeria (CBN), Mr. Yemi Cardoso, made this known, on Tuesday, in Abuja, while presenting the communiqué from the 296th meeting of the MPC.

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