Monetary Policy Committee lowers MPR to 12.5% (Source: InfoWARE, Date: 28-May-2020)

Monetary Policy Committee lowers MPR to 12.5%

 

May 28, 2020

 

The Monetary Policy Committee (MPC) concluded its two-day policy meeting today. Considering the impacts of external economic shocks, the committee unanimously agreed to reduce the monetary policy rate while holding on all policy parameters constant

 

·     The benchmark interest rate (MPR) was reduced to 12.50%



·     The cash reserve ratio held at 27.50%

 

·     The asymmetric corridor retained at +200bps and -500bps around the MPR



·     The Liquidity Ratio retained at 30.00% 

 

Regards,

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