cbn statement, 2012-07-24
My vote therefore is to: 1. Reduce MPR by 25 Basis Points; 2. Increase CRR from 8% to 12% from July 25, 2012; and 3. Reduce the Net Foreign Exchange Open Position (NOP) from 3% to 1% with effect from July 24th, 2012.
Sentiment: rate_cut
Topic: mp_interest_rate