Re-fixation of Interest Rate Corridor (IRC)

MPD Circular No. 05
The overnight repo policy rate has been raised by 50 basis points, from 9.50% to 10.00%, following a decision by the Monetary Policy Committee to maintain contractionary measures until inflation targets are met. Additionally, the upper limit for the Standing Lending Facility (SLF) has been increased from 11.00% to 11.50%, and the lower limit for the (SDF has been raised from 8.00% to 8.50%).