US EditionNigeria: CBN Retains Monetary Rates At 27.5%
- During its 300th Monetary Policy Committee meeting held Tuesday in Abuja, Nigeria’s apex financial institution decided to keep the Monetary Policy Rate unchanged at 27.5%.
- The pause in raising rates marks a shift following continued monetary tightening since February 2024, amid ongoing inflationary pressures, fluctuations in the currency market, and challenges from international economic conditions.
- The Committee unanimously retained all key parameters, including the Cash Reserve Ratio and Liquidity Ratio, while noting headline inflation eased to 23.71% in April 2025.
- CBN Governor Olayemi Cardoso explained that the decision to pause rate changes gives the committee additional time to evaluate short-term economic conditions, while maintaining attention on stabilizing prices and boosting investor confidence.
- The pause signals a cautious policy approach to sustain recent macroeconomic gains, and the MPC will monitor inflation, currency trends, capital flows, and external risks before policy changes.
16 Articles
16 Articles
CBN retains monetary rates at 27.5% - Daily Trust
The Central Bank of Nigeria (CBN) has retained Monetary Policy Rates (MPR) at 27.5 per cent. Central Bank Governor, Olayemi Cardoso, made the disclosure in Abuja while briefing the press on the outcome of the 300th meeting of the Monetary Policy Committee (MPC) of the apex Bank “All 12 members of the Committee were present and the decision of the committee was unanimous to maintain rates at 27.5 per cent and cash reserve ratio for Deposit Money …
Nigeria's Central Bank Keeps Monetary Policy Rate Steady At 27.5% » News.ng
In a significant shift from recent policy trends, the Central Bank of Nigeria (CBN) has decided to maintain its Monetary Policy Rate (MPR) at 27.5%, marking the first pause in rate increases since February 2024. CBN Governor Yemi Cardoso announced this decision Tuesday in Abuja following the conclusion of the 300th Monetary Policy Committee (MPC) meeting. The committee’s vote was unanimous, with all 12 members agreeing to hold steady on key mon…
CBN Maintains Status Quo: Interest Rate Remains at 27.50%
The Central Bank of Nigeria (CBN) Monetary Policy Committee has retained the country’s interest rate at 27.50 percent. CBN Governor Olayemi Cardoso disclosed this at a a press briefing on Tuesday after the 300th MPC meeting in Abuja. “The committee unanimously agreed to retain MPR at 27.50 percent,” he told reporters. Cardoso also announced that the MPC member decided to retain the Cash Reserve Ratio (CRR) at 50 basis points for commercial bank …
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