02 01 280 4000 / +234 913 666 6680
Personal Account Business Account
Personal Online Corporate Online

MPC Increased Cash Reserve Ratio by 500bps to 27.5%

In our MPC Preview (See report: Dovish stance but hawkish actions), we had argued that the CBN’s recent unusual debit of Deposit Money Banks (DMBs) with ‘excessive’ bids at both OMO and SMIS FX auctions could result in the institutionalization...

  • Home
  • MPC Increased Cash Reserve Ratio by 500bps to 27.5%

In our MPC Preview (See report: Dovish stance but hawkish actions), we had argued that the CBN’s recent unusual debit of Deposit Money Banks (DMBs) with ‘excessive’ bids at both OMO and SMIS FX auctions could result in the institutionalization of a higher CRR this year.

Download Research

The information contained in this web site reflects thoughts and opinions of NOVA Research Team only, and the firm is not soliciting any transaction based upon such information.


The contents of this website are for informational purposes only and may not reflect current financial developments or market conditions. You should not act or refrain from acting on the basis of any content included in this web site without seeking financial or professional advice on the particular facts and circumstances at issue. NOVA Research Team reserves the right to change any information contained herein without prior notice. The firm is not responsible for any third-party content that may be accessed through this web site. The distribution or photocopying of the firm information contained on or downloaded from this site is strictly prohibited without the express written consent of NOVA Research Team.