CBN releases cash reserve ratio survey
The Central Bank of Nigeria (CBN) has requested feedback from Nigerians regarding the resolutions reached during its latest Monetary Policy Committee (MPC) meeting.
Naija News reports that the recent MPC meeting, which marked the inauguration of Olayemi Cardoso as the Governor of CBN, witnessed the formulation of five significant resolutions by the policy organ.
In light of the meeting’s outcome, the MPC opted to raise the country’s interest rate by 400 basis points, resulting in a new rate of 22.75 percent, as opposed to the previous 18.75 percent.
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Additionally, the Cash Reserve Ratio was increased from 32.5 percent to 45.0 percent, while the liquidity ratio remained unchanged at 30 percent, among other decisions.
On Monday, however, the CBN released a survey via its official X platform, asked Nigerians to give their feedbacks.
“The Central Bank of Nigeria recently held its 293rd Monetary Policy Committee meeting. Kindly fill out the survey using the attached link to share your views about the decisions made at the meeting,” the post on X account read.
