MPC Keeps Key Ratios Unchanged, Raises MPR to 27.50%

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...