The Monetary Policy Committee (MPC) of the Central Bank of Liberia today released Communiqué No. 27 during a well-attended event at the CBL Headquarters in Monrovia.

The event brought together representatives of the business community, commercial banks, financial institutions, academia, development partners, and the media to discuss the Bank’s latest monetary policy decisions aimed at preserving macroeconomic stability and supporting sustainable economic growth.

During the meeting, the MPC announced three key policy decisions:

Lower the Monetary Policy Rate (MPR) by 25 basis points to 16.0%. With inflation projected to moderate to 4.4% ± 2 percentage points in the third quarter, the MPR of 16 percent remains sufficiently restrictive to reinforce the Bank’s commitment to price stability, while supporting the ongoing economic recovery.

Maintain the Reserve Requirements at 25 percent for Liberian dollar deposits and 10 percent for U.S. dollar deposits.

Adjust the Standing Deposit Facility (SDF) and Standing Credit Facility (SCF) corridor from -7.5pp and +2.5pp to -6.5pp and +1.0pp around the policy rate, respectively, to enhance the transmission and effectiveness of monetary policy.

Stay tuned for more details…

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