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Central Bank of Nigeria

Operationalization of the Standing Deposit Facility (SDF) Asymmetric Corridor

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Author
Central Bank of Nigeria
Year
2024
Pages
1 page

This circular operationalizes the adjusted Standing Deposit Facility asymmetric corridor approved by the Monetary Policy Committee. It sets the Standing Lending Facility at 31.75% and the Standing Deposit Facility at 25.75%, with tiered deposit rates for commercial and merchant banks and payment service banks based…

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