MPC: CBN Keeps Interest Rate At 27.50%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has unanimously decided to maintain the Interest Rate at 27.50%.

This decision was announced at the end of the MPC meeting on Tuesday.

Additionally, the committee chose to keep the Cash Reserve Ratio (CRR) unchanged at 50% for Deposit Money Banks and 16% for Merchant Banks.

Speaking at a press briefing on Tuesday after the 300th MPC meeting in Abuja, CBN Governor, Olayemi Cardoso, said all MPC members were unanimous in the decision to retain the interest rate.

“The Committee was unanimous in its agreement to hold all parameters,” he said.

Naija News reports this is the second time in 2025 the CBN has retained the country’s interest rate at 27.50% after six consecutive hikes recorded in 2024.

More details later…

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