BREAKING: CBN retains MPR at 14% as foreign reserves hits $46.69 billion

The Central Bank Of Nigeria held its ifrst Monetary Policy Committee meeting for the year 2018 on Wednesday.

CBN governor, Godwin Emefiele who addressed journalists after the meeting read the committee’s decision.

According to him, the MPC decided to retain the monetary policy rate (MPR) at 14 per cent, Cash Reserve Ratio (CRR) at 22.5 per cent and Liquidity Ratio at 30 per cent.

He also disclosed that as at the end of March 2018, Nigeria’s foreign reserves stood at $46.69 billion.

Nigeria’s inflation rate stands at 14.33 per cent as crude oil price remains up at $69.04

The MPC meeting was the first in the year and the first the newly confirmed members woukd be attending.

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