Dear All,
The Monetary Policy Committee (MPC) held its last two-day policy meeting on the 21st and 22nd of November 2022, where it raised the Monetary Policy Rate (MPR) by 100bps to 16.50% from 15.50% while holding other parameters constant- Cash Reserve Ratio (CRR) at 32.50% and Liquidity ratio at 30.00%. We note that all Committee members voted in favour of a rate hike: 9 members voted 100bps, and 2 members voted 50bps.
Kindly find attached the full report.
