The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 27.5%.
This decision marks the third time in 2025 that the apex bank has chosen to maintain the rate, signalling its commitment to curbing inflationary pressures.
The Governor of the apex bank, Olayemi Cardoso, announced this on Tuesday at the end of the committee’s 301st meeting in Abuja.
Cardoso also disclosed that the CBN retained the asymmetric corridor around the MPR at +500/-100 basis and other parameters.
He said the Committee voted to retain the Monetary Policy Rate at 27.5 per cent, retain the cash reserve ratio for Deposit Money Banks at 50 per cent, and for merchant banks at 16 per cent.
“Also Liquidity Ratio has been maintained at 30 per cent,” he said.
Cardoso added that the decision was premised on the need to sustain efforts in curbing inflation and sustaining prices, as it will address emerging monetary pressures.
Cardoso also stated that the MPC acknowledged the effort of the federal government in providing security and its impact on food security.
He also revealed that eight banks had so far met recapitalisation requirements of the CBN, while others were working hard to catch up.
He, however, did not disclose the identities of the banks that have crossed the hurdle as of the time of filing this report.
The apex bank had given a 24-month timeline, running from April 1, 2024, to March 31, 2026, for banks with international licences to maintain at least N500 billion, national banks to have a minimum of N200 billion, and regional banks to maintain N50 billion as paid-up capital.
