The Central Bank of Nigeria on Monday urged Nigerians to provide their perspectives on the decisions taken after its recent Monetary Policy Committee (MPC) meeting. The CBN communicated this invitation through a post on its official handle.
“The Central Bank of Nigeria recently held its 293rd Monetary Policy Committee meeting. Kindly fill out the survey using the attached link to share your views about the decisions made at the meeting,” the post on X account read.
It is noteworthy that the 293rd MPC meeting marks the first one since Olayemi Cardoso assumed the position of Governor at the CBN. During the meeting, five significant decisions were reached by the policy organ.
Among these decisions, the MPC opted to elevate the country’s interest rate by 400 basis points, raising it from 18.75 per cent to 22.75 per cent.
Additionally, the Cash Reserve Ratio was increased to 45.0 per cent from 32.5 per cent, while the liquidity ratio remained unchanged at 30 per cent, among other measures.
See link: https://t.co/nQZeebHodS
