The Central Bank of Nigeria’s (CBN) Monetary Policy Committee has retained the country’s interest rate at 27.50 per cent for the second time in 2025.

CBN Governor, Olayemi Cardoso, disclosed this during a press briefing on Tuesday after the 300th MPC meeting in Abuja.

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

Cardoso said all 12 MPC members voted unanimously to hold all key monetary parameters.

The committee retained the Cash Reserve Ratio at 50 per cent for Deposit Money Banks and 16 per cent for Merchant Banks.

The Liquidity Ratio remains at 30 per cent, and the Asymmetric Corridor was held at +500/-100 basis points around the MPR.

The News Agency of Nigeria (NAN) reports that since February 2024, the MPC under Cardoso had raised the MPR from 18.5 per cent to 27.5 per cent before opting to pause rate hikes with this latest decision.(NAN)