{"id":2588,"date":"2024-03-27T13:09:50","date_gmt":"2024-03-27T13:09:50","guid":{"rendered":"https:\/\/vetivaresearch.com\/?p=2588"},"modified":"2024-10-17T03:25:42","modified_gmt":"2024-10-17T02:25:42","slug":"mpc-raises-mpr-further-reverses-corridor-rate-adjustments","status":"publish","type":"post","link":"https:\/\/vetivaresearch.com\/?p=2588","title":{"rendered":"MPC raises MPR further, reverses corridor rate adjustments"},"content":{"rendered":"<p>Ibukun Omoyeni* i.omoyeni@vetiva.com In the second meeting of the year, the Cardoso-led Monetary Policy Committee (MPC) raised the Monetary Policy Rate by 200bps to 24.75% and adjusted the asymmetric corridor around the MPR to +100\/-300bps. While the Cash Reserve Ratio (CRR) for commercial banks was left unchanged at 45%, the Committee raised the CRR of&#8230; <\/p>\n<div class=\"pmpro_content_message\">For standard subscribers only.<br \/><a href=\"https:\/\/vetivaresearch.com\/?page_id=135\">Login<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ibukun Omoyeni* i.omoyeni@vetiva.com In the second meeting of the year, the Cardoso-led Monetary Policy Committee (MPC) raised the Monetary Policy Rate by 200bps to 24.75% and adjusted the asymmetric corridor around the MPR to +100\/-300bps. While the Cash Reserve Ratio (CRR) for commercial banks was left unchanged at 45%, the Committee raised the CRR of... <\/p>\n<div class=\"pmpro_content_message\">For standard subscribers only.<br \/><a href=\"https:\/\/vetivaresearch.com\/?page_id=135\">Login<\/a><\/div>","protected":false},"author":7,"featured_media":3631,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":0,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-2588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-macroeconomics","pmpro-level-required","pmpro-level-1","pmpro-no-access"],"_links":{"self":[{"href":"https:\/\/vetivaresearch.com\/index.php?rest_route=\/wp\/v2\/posts\/2588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vetivaresearch.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vetivaresearch.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vetivaresearch.com\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/vetivaresearch.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2588"}],"version-history":[{"count":5,"href":"https:\/\/vetivaresearch.com\/index.php?rest_route=\/wp\/v2\/posts\/2588\/revisions"}],"predecessor-version":[{"id":2817,"href":"https:\/\/vetivaresearch.com\/index.php?rest_route=\/wp\/v2\/posts\/2588\/revisions\/2817"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vetivaresearch.com\/index.php?rest_route=\/wp\/v2\/media\/3631"}],"wp:attachment":[{"href":"https:\/\/vetivaresearch.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vetivaresearch.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vetivaresearch.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}