Faith Of Our Naira Would Be Reviewed As MPC Holds Its Meeting Today - Business - Nairaland
Nairaland Forum / Nairaland / General / Business / Faith Of Our Naira Would Be Reviewed As MPC Holds Its Meeting Today (907 Views)
Naira Dramatically Recovers To N405/$1 After MPC Decisions / Update On MPC / Fear Over MPC Outcome Fuels Naira Appreciation (2) (3) (4)
(1) (Reply)
| Faith Of Our Naira Would Be Reviewed As MPC Holds Its Meeting Today by benebaby77: 7:00am On Jan 19, 2015 |
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) will hold its two-day Meeting on Monday and Tuesday January 19 and 20, 2015. The major highlights of the Meeting are likely going to be: • Retain Monetary Policy Rate (MPR) at 13% leaving the +/-200 basis points corridor: Further upward review is likely to undermine the CBN’s stated wish of increased lending to the private sector. • Retain the Cash Reserve Requirement (CRR) on private and public sector funds at 20%and 75% respectively: Market liquidity concerns are likely to be tempered by frequent CBN interventions, particularly issuance of Open Market Operation (OMO) bills. We however anticipate the apex bank may extensively discuss rising dollarization of deposits in the banking system. • Hold the Net Trading Position Limit at 0.1%: This will further help support the value of the Naira. • Leave Liquidity Ratio unchanged at 30%. • Maintain official naira exchange rate at a mid- point of N168/$ around the ±5% corridor. Kindly find attached the Pre-MPC Communiqué. |
(1) (Reply)
Coconut Oil, Shea Butter, Pure Honey / Why You Should And Should Not Borrow That Money! / Information Products And Marketing Business Demystified
(Go Up)
| Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 23 |