The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 26.5 percent following the conclusion of its 305th meeting in Abuja.
CBN Governor Olayemi Cardoso announced the decision on Wednesday after the meeting attended by all 11 MPC members, saying the committee opted to maintain existing monetary policy measures as it continues to monitor inflationary pressures and broader economic conditions.
The apex bank also retained all other key policy parameters, including the Cash Reserve Ratio (CRR) at 45 percent for commercial banks and 16 percent for merchant banks.
The Standing Facilities Corridor was left unchanged at +50/-450 basis points around the MPR, while the CRR on non-Treasury Single Account (non-TSA) public sector deposits was maintained at 75 percent.
According to the committee, the decision to hold rates steady reflects a cautious approach aimed at sustaining macroeconomic stability amid persistent inflationary trends.
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