At the end of the 295th Monetary Policy Committee meeting held on May 20 & 2, the committee voted to raise the Monetary Policy Rate by 150bps to 26.25 percent.
It retained the asymmetric corridor at +100/-300 around the MPR.
MPC retained the CRR of Commercial banks at 45.00 percent while the liquidity ratio was held constant at 30.00 percent.
Details shortly…
