MPC Keeps Key Ratios Unchanged, Raises MPR to 27.50%

by | Nov 28, 2024 | Banking |

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.