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All posts tagged "Monetary Policy Committee"

  • First Bank forecasts 10% decrease in loan growth

    First Bank of Nigeria Holdings Plc, on Thursday, forecast slower loan growth of 10 per cent for this year due to the new monetary policy regulation. The Central Bank of Nigeria (CBN) had, at its last monetary...

    • Posted September 1, 2013
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  • CBN directs banks to keep 50% of public sector deposit as cash

    The Monetary Policy Committee,MPC, of the Central Bank of Nigeria,CBN, on Tuesday, voted unanimously to raise the Cash Reserve Ratio,CRR, for government deposits from 12 to 50 percent. The CRR which is the percentage of deposits banks...

    • Posted July 24, 2013
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  • CBN retains MPR, CRR to stabilise economy

    A major development in the money market this week was retention of the Monetary Policy Rate (MPR) at 12 per cent by the Monetary Policy Committee (MPC). The Central Bank of Nigeria (CBN) Governor, Lamido Sanusi, announced...

    • Posted March 23, 2013
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  • CBN retains 12 per cent lending rate, worried about corruption

    The Central Bank of Nigeria (CBN) on Tuesday retained its tight monetary stance and left rates unchanged for the umpteenth time. Both the Monetary Policy Rate (MPR); the Cash Reserve Requirement (CRR) and the Liquidity Ratio were...

    • Posted March 20, 2013
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  • Interest Rates: Out Of Control Government Spending Stays CBN’s Hand

    Plans by the Federal Government to accelerate spending in 2013 will make it difficult for the Central Bank of Nigeria to reduce interest rates. The inflationary effects of an expansive government spending regime will be too volatile...

    • Posted January 21, 2013
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  • MPC leaves Key Lending Rate Unchanged

    The Monetary Policy Committee (MPC), chaired by the CBN Governor, Lamido Sanusi, decided unanimously to maintain the key lending rate at 12%. The MPC cited several factors including a recessionary global economy; reduced domestic economic output in...

    • Posted May 23, 2012
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