September 22, 2026/CSL Update
The Monetary Policy Committee (MPC) decided to reduce the Monetary Policy Rate (MPR). A breakdown of all parameters is as follows:
- Reduces the Monetary Policy Rate (MPR) by 350bps to 23.0%
- Adjusted Asymmetric Corridor at +50/-300 basis points around the MPR.
- Cash Reserve Ratio (CRR) retained at 45.0% for Deposit Money Banks and 16.0% for Merchant Banks.
- Retained 75% CRR on Non-Treasury Single Account (TSA) public sector deposits.
- Retain the Liquidity Ratio at 30.0%.