February 24, 2026/Coronation Update
Decisions of the MPC:
- Reduced Monetary Policy Rate by 50bps to 26.50%
- The asymmetric corridor around the MPR was retained at +50bps /-450bps
- Cash Reserve Ratio for Deposit Money Banks was retained at 45.00%
- CRR for Merchant Banks was retained at 16.00%.
- CRR on Non-TSA (Treasury Single Account) Public Sector deposits was retained at 75%.
- Liquidity ratio retained at 30.00%.
The Committee said its decision was anchored on a balanced assessment of risks to the macroeconomic outlook, with members expressing confidence that the ongoing disinflation trajectory remains intact, supported by the lagged effects of prior monetary tightening, sustained exchange rate stability, and improving domestic food supply conditions…
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