The Central Bank of Nigeria CBN has retained the interest rate at 27.5%, following following its 300th Monetary Policy Committee (MPC) meeting held in Abuja.
Also at the meeting, the apex bank maintained the Asymmetric Corridor at +500/-100 basis points around the MPR while the Cash Reserve Ratio (CRR) was held at 50% for Deposit Money Banks and 16% for Merchant Banks.
Additionally, the liquidity ratio was left unchanged at 30% as All 12 MPC members voted unanimously to maintain current policy rates.
The decision demonstrates the committee’s cautious approach to monetary management, as it continues to assess prevailing macroeconomic conditions and the effectiveness of recent tightening measures.
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The CBN highlighted the recent moderation in Nigeria’s inflation rate, which eased to 23.71% in April 2025 from 24.23% in March, according to the latest data from the National Bureau of Statistics (NBS).
The Central Bank of Nigeria’s decision to maintain interest rates indicates its commitment to ensuring price stability while carefully fostering economic recovery. By keeping rates unchanged, the bank allows existing policies to take effect before making further changes.
Market analysts believe that any possible rate reductions will be contingent upon inflation trends and the stability of the exchange rate in the upcoming months.
Should inflation continue to drop and the foreign exchange market stabilise, the CBN might contemplate a more lenient policy approach in the latter half of the year.
