Liberia: CBL Lowers Monetary Policy Rate to 17.5 Percent

MONROVIA — The Central Bank of Liberia’s (CBL) Monetary Policy Committee (MPC), consistent with its mandate to achieve and maintain domestic price and financial stability, has decided to lower the Monetary Policy Rate (MPR) from 20% to 17.5% and maintain the current reserve requirement ratios of 25% and 10% for Liberian and US dollars, respectively.

Domestic and global macroeconomic developments informed the MPC’s decisions during the second quarter of 2024.

Global Developments

The MPC noted…