The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has maintained the Monetary Policy Rate (MPR) for the third consecutive year. The central bank’s governor, Mr. Yemi Cardoso, announced at the conclusion of the two-day meeting on Tuesday afternoon, that the team members had decided to maintain all rates for an additional period, which was different from what analysts had predicted.
He claims that the benchmark interest rate has been maintained at 27.50 percent, the asymmetric corridor surrounding the MPR will stay at +500/-100 basis points, the liquidity ratio is still at 30.00 percent, the cash reserve ratio (CRR) for merchant banks is at 16.00 percent and that of deposit money banks (DMBs) is at 50.00 percent.
He clarified that the goal of keeping all rates the same was to maintain price pressures and the current drop in headline inflation.
According to him, the monetary authorities will keep an eye on the parameters in order to inform decisions in the future.
Just a few days ago, the National Bureau of Statistics (NBS) reported that Nigeria’s inflation rate decreased from 22.97 percent in May 2025 to 22.22 percent in June 2025.
