MPC retains MPR at 11.5%, other parameters unchanged

MPC retains MPR at 11.5%

MPC retains MPR at 11.5%, other parameters unchanged     The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted unanimously to retain the Monetary Policy Rate (MPR) at 11.5 per cent. This was disclosed by the CBN Governor, Godwin Emefiele while reading the communiqué at the end of the MPC meeting on Tuesday 25th May 2021. the decision of the committee resonates with projections already made by experts at different quarters who said holding the current rate in the face of inflation  at double digit…

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Post-MPC Decision: Mixed trend ahead, as investors reshuffle portfolios for year-end

Market Update for November 24 By Investdata Analysts Trading activities on the Nigerian Stock Exchange rebounded on Tuesday on the back of the Central Bank of Nigeria’s Monetary Policy Committee decision to retain all policy instruments unchanged, so as to drive economic output and hasten recovery. The rebound halted three consecutive sessions of losses on high buying pressure that resurfaced by early afternoon.    The rebound also came as the outgoing President of the United States, Donald Trump, finally conceded defeat, after weeks of stand-off, to give way for the…

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