By Abiola Olawale
The Central Bank of Nigeria (CBN) has announced its decision to maintain the Monetary Policy Rate (MPR) at 27.50%.
This was confirmed during the 300th meeting of the Monetary Policy Committee (MPC) in Abuja.
CBN Governor Olayemi Cardoso disclosed this at a press briefing on Tuesday, emphasizing the bank’s cautious approach to balancing inflation control and economic stability.
“The committee unanimously agreed to retain MPR at 27.50 per cent,” he stated.
Cardoso also announced that the MPC members decided to retain the Cash Reserve Ratio (CRR) at 50 basis points for commercial banks and 16 per cent for the mortgage banks, the liquidity ratio (LR) at 30 per cent, and the asymmetric corridor at +500/-100 basis points around the MPR; other monetary policy decisions were retained.
According to him, this decision marks a continuation of the CBN’s strategy to pause rate hikes, following six consecutive increases totaling 875 basis points since late 2023.
The pause reflects the bank’s response to a decline in Nigeria’s inflation rate, which eased to 23.7% in April 2025, according to the National Bureau of Statistics (NBS).
