CBN Headquarters, Abuja

The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 27.5 percent, marking the second consecutive time in 2025 that the rate has been held steady. The decision was announced by CBN Governor Olayemi Cardoso during a press briefing on Tuesday following the 300th meeting of the Monetary Policy Committee (MPC) in Abuja.

Cardoso said the committee was unanimous in its decision to maintain all monetary parameters. Alongside the MPR, the MPC also kept the asymmetric corridor at +500/-100 basis points around the MPR. The Cash Reserve Ratio (CRR) remains at 50 percent for Deposit Money Banks and 16 percent for Merchant Banks, while the Liquidity Ratio was left unchanged at 30 percent.

All twelve members of the committee voted in favor of maintaining the existing rates, reflecting a cautious approach to monetary management. The MPC said its decision was driven by the need to assess the impact of recent policy tightening and ongoing macroeconomic conditions.

The committee also noted a slight moderation in inflation, pointing to recent data from the National Bureau of Statistics which showed that the country’s inflation rate declined to 23.71 percent in April 2025 from 24.23 percent in March. The CBN emphasized that price stability remains a top priority as it continues to monitor economic trends and adjust policies as necessary.