xAt the last MPC meeting held in November 2020, key policy decisions reached include the benchmark interest rate which was held at 11 per cent. Others include Cash Reserve Ratio at 27.50 per cent and Liquidity Ratio retained at 30.00 per cent. “I guess that the MPC will leave the rates as they are because there appears to be some stability. xHe advised that the reserve requirement and liquidity ratio be adjusted to stabilise the economy. NAN reports that Monday’s MPC meeting will be the first in 2021.

Source: The Guardian January 25, 2021 12:11 UTC