The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at 11.5 per cent.
The CBN Governor, Godwin Emefiele, disclosed this 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 CBN governor explained that members of the MPC were of the view that given that the exit of the country from recession was fragile, any decision to tighten may reverse the fragile recovery and return the country back to recession. (Punch)