The Central Bank of Nigeria’s Monetary Policy Committee (MPC) has reduced Monetary Policy Rate (MPR) to 12.5 per cent.   At the second MPC meeting held under COVID-19 protocols, CBN Governor, Godwin Emefiele, while delivering the communique, said the MPR has been reduced to 12% but other monetary policy parameters remained unchanged.   Emefiele said the MPC resolved to retain the Liquidity Ratio at 30 per cent, Cash Reserve Requirement (CRR) at 27.5 per cent and the asymmetric corridor at …