Monetary Policy Review – MPC Retains All Policy Parameters

The Monetary Policy Committee (MPC) concluded the second meeting for the year on the 21st of March 2022 and decided to hold all policy parameters positions.

Specifically, the committee:

1. Held the Monetary Policy Rate (MPR) at 11.5%.
2. Held the Asymmetric corridor around the MPR at +100/-700bps.
3. Held the Cash Reserve Ratio (CRR) at 27.5%.
4. Held the Liquidity Ratio (LR) at 30.0%.

The committee was of the opinion that maintaining all policy parameters will be beneficial in driving economic growth.