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:
- Held the Monetary Policy Rate (MPR) at 11.5%.
- Held the Asymmetric corridor around the MPR at +100/-700bps.
- Held the Cash Reserve Ratio (CRR) at 27.5%.
- 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.
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