Central Bank of Liberia raises USD deposit reserve requirement
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
The Central Bank of Liberia raised the reserve requirement on United States dollar deposits from 10 percent to 12 percent. The bank maintained its monetary policy rate at 16 percent, while keeping the reserve requirement for Liberian-dollar deposits at 25 percent. Policymakers also adjusted the interest-rate corridor to strengthen monetary policy transmission.
From allafrica.com
Why it matters
The decision was made by policymakers to consolidate gains in inflation, exchange-rate stability, and financial-sector resilience. The Central Bank projects real gross domestic product growth in Liberia will be 5.5 percent in 2026.
The Ministry of Finance and Development Planning and the Central Bank review supply-chain costs and manage monetary policy in Liberia.
From allafrica.com
Who's involved
- LiberiaSovereign state where the monetary policy is implemented
- Ministry of Finance and Development PlanningGovernment organization involved in reviewing supply-chain costs and managing monetary policy
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The entities involved
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Liberia
sovereign state in West Africa