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MPC Retains Interest At 11.5%


The Monetary Policy Committee (MPC) on Tuesday concluded its two-day meeting for the month of May 2021.

At the end of the meeting, the committee resolved to hold the monetary policy rate and all other policy parameters constant.

The decisions reached are as follows:

  • The benchmark interest rate (MPR) retained at 11.50%
  • The asymmetric corridor remained at to +100/-700 bps around the MPR
  • The cash reserve ratio retained at 27.50%; and
  • The Liquidity Ratio retained at 30.00%

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