MPC raise CRR to 27.5% in the face of surging liquidity
The Monetary Policy Committee (MPC) held its 271st meeting on the 23rd and 24th of January, 2020. The Committee noted the current environment of sluggish global economic recovery and financial market vulnerabilities, and tepid domestic growth. Highlights of the Committee’s decision: The Committee by a decision of 9 members, voted to alter the Cash Reserve…