The MPC rose from its first meeting in 2018, retaining the benchmark interest rate at 14 per cent, the Cash Reserve Ratio (CRR) at 22.5 per cent and the liquidity ratio at 30 per cent.
Browsing: Liquidity ratio
“We are pleased that key economic indicators continue to move in the right direction. With modest recovery in oil prices and boost in domestic production, we exited the recession in 2017, while inflation has continued its decline and is now at 15.37 percent for December 2017.”
He said that the committee was optimistic that the newly released Economic Recovery and Growth Plan, ERGP, coupled with innovative, growth-stimulating sector-based policies, would help fast track economic recovery, if properly implemented.
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