By Hamilton Nwosa
The Central Bank of Nigeria (CBN) has maintained its benchmark interest rate, the Monetary Policy Rate (MPR), at 27.5% for the third consecutive time in 2025.
The announcement was made by CBN Governor Olayemi Cardoso at the end of the apex bank’s 301st Monetary Policy Committee (MPC) meeting in Abuja on Tuesday.
Cardoso announced that the MPC unanimously agreed to retain the MPR at 27.5%, alongside other key parameters: the asymmetric corridor at +500/-100 basis points, the Cash Reserve Ratio (CRR) at 50% for Deposit Money Banks and 16% for Merchant Banks, and the Liquidity Ratio at 30%.
He said this decision aligns with the CBN’s strategy to sustain the ongoing decline in inflation, which dropped to 22.22% in July 2025, according to the National Bureau of Statistics (NBS).
Cardoso also emphasized that the decision to maintain the interest rate reflects the committee’s confidence in recent macroeconomic improvements.
“The sustained moderation in inflation and relative stability in the foreign exchange market have created room for us to pause and assess the impact of our policies,” Cardoso stated during the press briefing.
