MPC Keeps Key Ratios Unchanged, Raises MPR to 27.50%
The MPC increased the MPR to 27.50% while maintaining the CRR, LR, and Asymmetric Corridor, focusing on price stability and supporting the economy.
The Monetary Policy Committee (MPC) has unanimously raised the Monetary Policy Rate (MPR) by 25 basis points, from 27.25% to 27.50%.
The MPC also decided to retain the Cash Reserve Ratio (CRR) at 50% for Deposit Money Banks and 16% for Merchant Banks, ensuring liquidity control. Additionally, the Liquidity Ratio (LR) remains at 30%, and the Asymmetric Corridor stays at +500/-100 basis points around the MPR.
These measures could reflect the MPC’s focus on maintaining price stability and supporting the economy amidst the prevailing financial conditions.
