The Monetary Policy Committee (MPC) has unanimously voted to increase the Monetary Policy Rate (MPR) by 25 basis points, raising it from 27.25% to 27.50%. This decision, aimed at addressing inflationary pressures, was announced following the committee’s latest meeting.

The Cash Reserve Ratio (CRR) remains unchanged at 50% for Deposit Money Banks and 16% for Merchant Banks. The Liquidity Ratio (LR) is retained at 30%, while the Asymmetric Corridor around the MPR is maintained at +500/-100 basis points.

The adjustments reflect the committee’s strategy to balance economic growth with inflation control.