Monetary Governance

Monetary Policy & Framework

Primary mandate of achieving price stability and maintaining interest rate equilibrium in Liberia.

Current Monetary Policy Rate

15.75%

Reduced by 25 bps (July 15, 2026)

Monetary Policy Stance

Easing

Aimed at stimulating private credit expansion

Next MPC Session

Oct 2026

Quarterly Macroeconomic Evaluation

Latest MPC Statement Highlight

Communiqué Q3 2026

CBL Eases Monetary Policy Rate to 16.0 Percent

The Monetary Policy Committee (MPC) of the Central Bank of Liberia, under the leadership of Executive Governor Henry F. Saamoi, resolved to cut the Monetary Policy Rate by 25 basis points to 16.0% following a sustained reduction in inflation from 8.8% to 6.8%.

Download Full Communiqué (PDF)

Historical Monetary Policy Decisions

MPC Meeting Date	Policy Rate (%)	Rate Action	Statement
July 15, 2026	16.00%	Cut 0.25%	PDF
April 18, 2026	16.25%	Cut 0.25%	PDF
January 22, 2026	16.50%	Unchanged	PDF

Monetary Instruments

1. CBL Bills

Open market operation instrument used to absorb excess LRD liquidity.

2. Standing Deposit Facility (SDF)

Overnight deposit channel for commercial bank excess reserves.

3. Reserve Requirements

Mandatory reserve ratio maintained by commercial banks in USD and LRD.