The Central Bank of Nigeria, CBN, has advised against complete lockdown of the economy as a way of curbing the second wave of the COVID-19 pandemic.
The apex bank also retained the Monetary Policy Rate, MPR, at 11.5 percent, the Cash Reserve Ratio, CRR, at 27.5 percent, the Liquidity Ratio, LR, at 30 percent, and the asymmetric corridor of +100/-700 basis points around the MPR.
Godwin Emefiele, the CBN governor, disclosed this on Tuesday, January 26, 2021, at the just-concluded meeting of the bank’s Monetary Policy Committee, MPC, in Abuja.
Source: Vanguard
