September 22, 2026/Coronation Update
Monetary Policy Committee (MPC) Decision (11 Members were in attendance)
- Reduced Monetary Policy Rate by 350bps to 23.00%.
- Recalibrated the asymmetric corridor around the MPR at +50bps /-300bps , from +50bps /-450bps
- Retained Cash Reserve Ratio for Deposit Money Banks at 45.00%.
- CRR for Merchant Banks was retained at 16.00%.
- Retained 75% CRR on Non-TSA Public Sector deposit.
- Retained Liquidity ratio at 30.00%.