The Monetary Policy Committee of the Central Bank of Nigeria will hold its two-day meeting on November 24 and 25, 2014.
The Eagle Online has gathered that critical highlights of the meeting are likely going to be the retention of Monetary Policy Rate at 12 per cent, leaving the +/-200 basis points corridor.
Cash analysts say Nigeria remains reliant on portfolio inflows to stabilise the currency and these require attractive nominal and real yields.
Sources maintained that the meeting will also raise the Cash Reserve Requirement on private sector funds to 18 per cent from 15 per cent, while retaining CRR on public sector funds at 75 per cent.
It is anticipated that the MPC will increase the CRR on private sector deposit in a bid to curb the level of banking sector liquidity and possible election-related fiscal risks.
In addition, issues around foreign currency deposits is expected to be extensively discussed at the meeting as well.
The meeting is to hold the Net Trading Position Limit at one per cent to further help shore up the value of the Naira, leaving Liquidity Ratio unchanged at 30 per cent.
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