Stock Market Declines By N25bn On MPC Stalemate

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Stock Market Declines By N25bn On MPC Stalemate

The domestic stock market yesterday succumbed to selling pressure with a decline of N25 billion, as the Monetary Policy Committee (MPC) retained benchmark rates. At the end of the 299th MPC meeting held on February 19 and 20, 2025, the committee voted to hold the MPR at 27.5 per cent; retain the asymmetric corridor at +500/-100 around the MPR; retain the CRR of Deposit Money banks at 50 per cent; retain the CRR of Merchant Banks at 16 per cent; …