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At the end of the MPC meeting held on July 22nd & 23rd, the committee voted to:
• Raise the MPR by 50bps to 26.75%.
• Adjust the asymmetric corridor from +100/-300 to +500/-100 around the MPR.
• Retain the CRR of Commercial banks at 45.00%
• Hold the liquidity ratio constant at 30.00%.
More details coming later…
