The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) votes to raise MPR by 50 basis points from 17.5% to 18%. Retains Cash Reserve Ratio (CRR) at 32.5%, Liquidity Ratio (LR) at 30.0% and Asymmetry Corridor at +100/-700 basis points around the MPR. 1/7
Source: Twitter
CBN's MPC Raises MPR to 18%, Retains CRR at 32.5%, Others
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With the MPR increased by 0.5 to 18%, banks' interest rates are expected to rise. 
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