From Victor Osula, Abuja
The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at 27.5 per cent, marking its third consecutive hold in 2025.
CBN Governor, Olayemi Cardoso, announced the decision on Tuesday during a press briefing in Abuja at the end of the MPC’s 301st meeting.
This marks the third straight pause following six consecutive rate hikes in 2024.
Cardoso said the decision to hold the rate was unanimous among committee members, noting that the pause would allow for better assessment of short-term economic developments.
“The Monetary Policy Committee voted unanimously to retain the Monetary Policy Rate (MPR) at 27.5 per cent; the Cash Reserve Ratio (CRR) at 50 per cent for Deposit Money Banks and 16 per cent for Merchant Banks,” he said.
He added that the Liquidity Ratio remains at 30 per cent, while the Asymmetric Corridor is retained at +500/-100 basis points around the MPR.
