The Monetary Policy Committee (MPC) held its fourth (5th) meeting of the year on the 21st and 22nd of September 2020, where members of the Committee voted to reduce the MPR by 100bps to 11.50%, adjust the asymmetric corridor to +100bps/-700bps around the MPR while leaving the Cash Reserve Ratio (CRR) at 27.50% and Liquidity ratio at 30%.
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