Tuesday, July 1, 2025
  • About
  • Advertise
  • Careers
  • Contact
The Reflector Newspaper
  • Home
  • News
  • Politics
  • Featured
  • Foreign News
  • Business
  • Opinions
  • Sport
  • Crime
  • Others
    • Education
    • Economy
    • Entertainment
    • Fashion & Style
    • Health
    • Interview
    • Love & Relationships
    • Technology
  • Login
No Result
View All Result
The Reflector Newspaper
Home Business

Four Key Decisions At MPC Meeting – CBN

Racheal Oloyede by Racheal Oloyede
May 21, 2024
in Business, Featured
1
Four Key Decisions At MPC Meeting – CBN
0
SHARES
10
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsAppShare on TelegramSend to Email

 

The Central Bank of Nigeria, CBN, at just concluded Monetary Policy Committee Meeting, announced four key decisions amid efforts to rescue the Naira.

Related posts

Club World Cup: Shock As Saudi’s Al Hilal Defeats Man City

Club World Cup: Shock As Saudi’s Al Hilal Defeats Man City

July 1, 2025
Furious Benue Commuters Left Stranded As Fuel Price Hits N1,500/litre

Dangote Refinery Slashes Petrol Price From N880 To N840/litre

July 1, 2025

CBN Governor Olayemi Cardoso unveiled the decisions while briefing journalists at the end of the 295th MPC Meeting in Abuja.

First, the MPC raised the Monetary Policy Rate, or interest rate, by 150 basis points to 26.25 per cent from the prevailing 24.75 per cent adopted in March 2024.

The implication is that the cost of borrowing has increased.

The bank said the decision was taken to tackle rising inflation, which rose to 33.69 per cent in April.

Secondly, MPC retained its Cash Reserve Ratio at 45 per cent. The bank explained that this would help the country’s banking system build and sustain its solvency position.

Also, the Committee retained a Liquidity Ratio of 30 per cent.

However, the Asymmetric Corridor remain unchanged at +100/-300.

According to the apex bank, the tightening measures would help bring down inflation.

The National Bureau of Statistics, NBS, said Nigeria’s inflation increased to 33.69 per cent in April from 33.20 per cent in March.

Despite various interventions by the CBN, the country’s foreign exchange market continues to experience fluctuations.

The Naira exchanged at N1468.99 per dollar at the official forex market on Monday.

 

 

The Reflector Newspaper's newsletters cover a variety of topics, from daily news to lifestyle content, markets info to medical news. Subscribe to get the latest information.

Unsubscribe
Previous Post

Court Dismisses EFCC’s N7.74bn Fraud Charges Against Kenny Martins, Others

Next Post

Peter Obi Makes U-turn, Endorses Julius Abure-Led NWC

Next Post
Peter Obi Makes U-turn, Endorses Julius Abure-Led NWC

Peter Obi Makes U-turn, Endorses Julius Abure-Led NWC

Comments 1

  1. 먹튀검증사이트 says:
    1 year ago

    [먹튀검증사이트] 에서 안전한 토토사이트 추천 정보를 제공합니다. 먹튀 보증 업체 이용으로 토토사이트 먹튀를 예방하세요.

RECOMMENDED NEWS

Ataoja Of Osogbo Not In Police Detention, Says OPU

Ataoja Of Osogbo Not In Police Detention, Says OPU

1 year ago
APC UK Congress: I Will Lead From the Front, Says Femi Durodola

APC UK Congress: I Will Lead From the Front, Says Femi Durodola

1 year ago
Ohanaeze Knocks Amaechi, Backs Tinubu For 2027

Police Disrupt PDP Meeting In Abia

2 weeks ago
NLTF REVIVAL GAINS MOMENTUM AS EXECUTIVE SECRETARY, TOSIN ADEYANJU MEETS NATIONAL ASSEMBLY COMMITTEE CHAIRMEN

NLTF REVIVAL GAINS MOMENTUM AS EXECUTIVE SECRETARY, TOSIN ADEYANJU MEETS NATIONAL ASSEMBLY COMMITTEE CHAIRMEN

11 months ago

FOLLOW US

BROWSE BY CATEGORIES

  • Business
  • Crime
  • Economy
  • Education
  • Entertainment
  • Fashion & Style
  • Featured
  • Foreign News
  • Health
  • Interview
  • Love & Relationships
  • News
  • Opinions
  • Politics
  • Sport
  • Technology
  • Uncategorized

BROWSE BY TOPICS

#EndBadGovernance protest 2027 Elections Akpabio Alaafin Of Oyo Alaafin Of Oyo Coronation APC Atiku Bola Tinubu Dangote Refinery Defection Economic and Financial Crimes Commission (EFCC) Economic Hardship EFCC Emergency Rule Federal Government of Nigeria Fubara Fuel Price Fuel Price Hike Gunmen INEC JAMB Natasha National Power Grid Nigeria Labour Congress (NLC) Nigerian National Petroleum Company Limited (NNPCL) Nigeria Police Force Nnamdi Kanu NNPC NNPCL Oil Marketers PDP Peter Obi Petrol Price President Ahmed Bola Tinubu Rivers Administrator Rivers Assembly Rivers Crisis Senate Sexual Harassment Tax Reform Bills Tinubu UTME VeryDarkMan WAEC Wike

POPULAR NEWS

  • Congo’s President Daughter’s Bedroom Surfaces Online

    Congo’s President Daughter’s Bedroom Surfaces Online

    0 shares
    Share 0 Tweet 0
  • Economy Bleeds As Naira Hits Record Low With N72.58 Depreiciation Against Dollar

    0 shares
    Share 0 Tweet 0
  • Old Naira Notes Remain Valid – CBN

    0 shares
    Share 0 Tweet 0
  • Gospel Actress, Flora Of Abattoir Movie Series Is Dead

    0 shares
    Share 0 Tweet 0
  • JUST IN: FCT Minister Wike Leads Eid-El-Fitr Homage To President Tinubu Amid Death Rumors

    0 shares
    Share 0 Tweet 0
The Reflector Newspaper

Our mission at The Reflector Newspaper is to cultivate a dynamic digital space where truth, integrity, and diversity thrive.

Follow us on social media:

Recent News

  • Club World Cup: Shock As Saudi’s Al Hilal Defeats Man City
  • Dangote Refinery Slashes Petrol Price From N880 To N840/litre
  • APC Releases 2025 Bye-Elections Timetable, Pegs Form At N20m
  • Those Who Think PDP Is Dead Are Dreamers – Bode George

Category

  • Business
  • Crime
  • Economy
  • Education
  • Entertainment
  • Fashion & Style
  • Featured
  • Foreign News
  • Health
  • Interview
  • Love & Relationships
  • News
  • Opinions
  • Politics
  • Sport
  • Technology
  • Uncategorized

Recent News

Club World Cup: Shock As Saudi’s Al Hilal Defeats Man City

Club World Cup: Shock As Saudi’s Al Hilal Defeats Man City

July 1, 2025
Furious Benue Commuters Left Stranded As Fuel Price Hits N1,500/litre

Dangote Refinery Slashes Petrol Price From N880 To N840/litre

July 1, 2025
  • About
  • Advertise
  • Careers
  • Contact

Copyright © 2024 The Reflector Newspaper. Website designed by Mavens Designs.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • Login
  • Home
  • News
  • Politics
  • Featured
  • Foreign News
  • Business
  • Opinions
  • Sport
  • Crime
  • Others
    • Education
    • Economy
    • Entertainment
    • Fashion & Style
    • Health
    • Interview
    • Love & Relationships
    • Technology

Copyright © 2024 The Reflector Newspaper. Website designed by Mavens Designs.

Verified by MonsterInsights