The Central Bank of Nigeria (CBN) on Tuesday retained the Monetary Policy Rate (MPR) at 27 per cent, following a unanimous vote by all 12 members of the Monetary Policy Committee (MPC).
News360 Info reports that CBN Governor, Olayemi Cardoso, announced the decision while briefing journalists at the end of the committee’s 303rd meeting held in Abuja.
Cardoso said the committee agreed to maintain existing parameters in order to consolidate on the recent stability recorded in the economy.
“The committee decided to maintain MPR at 27 per cent, adjust the standing facility corridor around MPR +50 and -450 basis points,” he stated.
He added that other major policy tools were also left unchanged.
According to the CBN governor, “CRR is maintained at 45 per cent for merchant banks and 75 per cent for non-TSA public sector deposits, while the liquidity ratio is maintained at 30 per cent.”
Cardoso said the MPC’s move to retain rates was informed by “low and stable inflation” recorded in recent months, noting that the committee was encouraged by the trajectory and opted for policy continuity.
The CBN chief assured that the bank remains committed to adopting measures necessary to sustain price stability and strengthen economic resilience.
The next MPC meeting is expected to be held in the first quarter of 2026.
