MPC meeting to hold July 26 & 27

The 280th Monetary Policy Committee meeting has been slated for Monday (July 26) and Tuesday (July 27).

At the last meeting, the committee voted unanimously to retain the Monetary Policy Rate (MPR) at 11.5 per cent, to retain the asymmetric corridor of +100/-700 basis points around the MPR, to retain the Cash Reserve Ratio (CRR) at 27.5 per cent and retain the liquidity ratio at 30 per cent.