MPC Reduces MPR By 50bps To 13.50pct From 14pct


Tuesday, March 26 2019  02:59 PM / CardinalStone Research


The Monetary Policy Committee (MPC) meeting that held on the 25th and 26th March has just been concluded with the following policy decisions;


·     The benchmark interest rate (MPR) cut from 14.00% to 13.50%


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


·     The Cash Reserve Ratio (CRR) retained at 22.50% and;

·     The Liquidity Ratio retained at 30.00% 


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