Why CBN raised Cash Reserve Ratio

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The Central Bank of Nigeria (CBN) on Friday looked beyond the usual option of adjusting the Monetary Policy Rate (MPR) it had adopted for months to manage liquidity and inflation rate by raising the Cash Reserve Ratio (CRR) to mitigate the impact of the ...

from Google Alert - Business https://ift.tt/30XDX1S
The Central Bank of Nigeria (CBN) on Friday looked beyond the usual option of adjusting the Monetary Policy Rate (MPR) it had adopted for months to manage liquidity and inflation rate by raising the Cash Reserve Ratio (CRR) to mitigate the impact of the ... https://ift.tt/eA8V8J

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