[UPDATED] CBN Holds Monetary Policy Rate Steady At 26.5%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has voted to retain the Monetary Policy Rate (MPR) at 26.5% following its 305th meeting, which recorded the attendance of 11 members.

The Governor of the Central Bank, Olayemi Cardoso, who spoke at the end of the committee two day meeting on May 19 and 20, said the committee retained the Standing Facilities Corridor around…