cbn statement, 2012-07-24
I vote to: (a) Hold the MPR and its corridor steady at 12% and +/- 2% respectively; (b) Increase the Cash Reserve Ratio (CRR) from its present 8% to 12%; (c) Decrease the Net Open Position (NOP) of banks from 3% of shareholders’ funds to 1%.
Sentiment: neutral
Topic: mp_interest_rate