Nigeria: CBN Reforms - Fx Stability, $37.43b Foreign Reserves Ease Inflation

CBN retains interest rates at 27.5%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained Monetary Policy Rates at 27.5 per cent Governor of the Central Bank, Olayemi Cardoso, made the disclosure while briefing the media after the 301st MPC meeting in Abuja, on Tuesday. He said the Committee voted to retain Monetary Policy Rates at 27.5 per cent. retain cash reserve ratio for Deposit Mobey Banks at 50 per cent and Merchant banks at 16 per cent “Also…

Nigeria Holds Rates to Monitor Inflation and External Risks

Nigeria’s central bank kept its benchmark interest rate unchanged despite inflation cooling for a third consecutive month, allowing policymakers more time to assess the impact of US trade tariffs on underlying price pressures.

Nigeria: CBN Reforms - Fx Stability, $37.43b Foreign Reserves Ease Inflation

Nigeria's inflation rate has continued to cool, falling to 22.22 per cent in June from 22.97 per cent in May 2025. This represents a 0.75 per cent decline. Compared to June 2024, when inflation stood at 34.19 per cent, the new figure marks a significant 11.97 per cent drop and a pullback from last year's inflation spiral. The inflation rate drop was largely driven by the rebasing and positive outcome of key reforms instituted by the Central Bank…

CBN maintains interest rate at 27.5% at 301st MPC amid economic stability efforts

The Central Bank of Nigeria (CBN) announced key decisions from its 301st Monetary Policy Committee (MPC) meeting, held from July 21-22 in Abuja. Governor Olayemi Cardoso, addressing the press, revealed that the MPC voted unanimously to retain the interest rate at 27.5%, signalling a cautious approach to monetary policy amid improving economic indicators.  The announcement, followed live by our reporter on the CBN’s YouTube channel (@cenbank), un…

BREAKING: CBN Retains Interest Rate At 27.5%

July 22, (THEWILL) — 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 […] The post BREAKING: CBN Retains Interest Rate At 27.5% appeared first on THEWILL NEWS MEDIA.

CBN Expected To Hold Interest Rate At 27.5% As Inflation Data Remain Mixed

The Central Bank of Nigeria (CBN) is expected to maintain its benchmark interest rate at 27.5% during its third Monetary Policy Committee (MPC) meeting of 2025 as policymakers continue to assess the sustainability of recent inflation moderation and monitor underlying price pressures in the economy. All seven economists surveyed by Bloomberg forecast no change in […] The post CBN Expected to Hold Interest Rate at 27.5% as Inflation Data Remain Mi…