Regulatory Alerts2026-07-21 | CBN/MPC/COM/163/306 Added · Updated
Personal Statements of Members for the 306th Meeting of the Monetary Policy Committee (MPC)
The Monetary Policy Committee retained the Monetary Policy Rate at 26.5 per cent and maintained the Standing Facilities Corridor at +50/-450 basis points. The Committee kept the Cash Reserve Requirement at 45.00 per cent for Deposit Money Banks, 16.00 per cent for Merchant Banks, and 75.00 per cent for non-TSA public sector deposits, while holding the Liquidity Ratio at 30.0 per cent. These decisions apply to the banking sector and were taken following the 306th meeting held on July 20 and 21, 2026.
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