The decision by the Monetary Policy Committee (MPC) to retain the monetary policy rate (MPR) at 12 percent, and cash reserve ratio on public sector funds at 75 percent, while raising the CRR on private sector deposits to 15 percent, from 12 percent, has taken the market by surprise, Business Day
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
BusinessDay
Nigeria's leading finance and market intelligence news report. Also home to expert opinion and commentary on politics, sports, lifestyle, and more