Wednesday, July 23, 2025 - The Central Bank of Nigeria (CBN) has maintained the Monetary Policy Rate (MPR) at 27.5 percent, along with all other policy parameters.
CBN Governor Olayemi Cardoso announced the decision at the
Monetary Policy Committee (MPC) briefing held in Abuja. The apex bank retained
the asymmetric corridor at +500/-100 basis points around the MPR, kept the Cash
Reserve Ratio for Deposit Money Banks at 50 percent, and maintained a general
Liquidity Ratio of 30 percent.
Governor Cardoso explained that the decision was driven by
the need to sustain ongoing disinflation efforts while ensuring a continued
decline in prices across the economy.
He revealed that as of July 18, Nigeria’s foreign reserves
stood at $40.1 billion, sufficient to cover imports for nine and a half months.
Additionally, Cardoso disclosed that eight banks had met the
new recapitalisation requirements set by the CBN.
The governor affirmed that monetary and fiscal authorities
would continue collaborating closely to bring inflation down to a single-digit
rate.
0 Comments