The Monetary Policy Committee (MPC) at its 307th meeting voted on policy parameters as follows:
• Monetary Policy Rate (MPR): Reset to 23%.
• Standing Facilities Corridor: Recalibrated at +50 / -300 basis points around the MPR.
• Cash Reserve Requirement(CRR): Retained at 45% for Deposit Money Banks, 16% for Merchant Banks, and 75% for non-TSA public sector deposits.
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