March 26 (Lagos) - Reduce the MPR by 50bps to 13.50%
- Retain CRR at 22.5%
- Retain Liquidity ratio at 30%
- Maintain an asymmetric corridor at +200/–500 basis points around the MPR.
Key considerations of the committee included:
- Lowered global economic growth outlook for 2019
- Reversal to dovish monetary policy stance by the U.S. Federal Reserve Bank
- Need to support domestic economic growth and employment
- Gradual growth of the FX reserves
- Gradual decline in headline inflation
reporting for easykobo.com on Tuesday, March 26 2019 from Lagos, Nigeria