It has been kept unchanged at 10 percent since October 2024

The new policy will seek to curb inflation while supporting private sector lending

July-Dec MPS set to be unveiled today

It has been kept unchanged at 10 percent since October 2024

The Standing Lending Facility (SLF) rate and the Standing Deposit Facility (SDF) rate have been kept at 11.5 percent and 7.5 percent respectively

Monetary policy affects inflation through several channels

The stance remains contractionary, with the central bank adding targeted credit stimulus rather than broad-based rate easing

Economists question whether monetary tightening can succeed while the central bank continues to inject funds into banks