The Monetary Policy Committee (MPC) is scheduled to hold its fifth meeting of the year on the 21st of September 2020. We expect deliberations to revolve around events in the global and domestic space. We expect the MPC to maintain rates at the next meeting as it puts faith in existing policy measures to achieve its aim of increased credit to the private sector and stimulate aggregate demand.
Ultimately, we expect the Committee to:
▪ Retain the MPR at its current level of 12.50%
▪ Retain liquidity ratio at 30%
▪ Retain the asymmetric corridor at +200bps/-500bps
▪ Retain the CRR at 27.50%
Click on the link below to access the full report:
Ahead of The Monetary Policy Committee Meeting – September 2020
