MPC Maintains Status Quo After July 2019 Meeting

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Tuesday, July 23, 2019  / 02:40PM / By CardinalStone Research

 

The Monetary Policy Committee (MPC) meeting that held on the 22nd and 23rd of July has just been concluded with the following policy decisions; 

 

•           The benchmark interest rate (MPR) was held at 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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