Just in: CBN reduces Monetary Policy Rate to 27%

Emma Ujah, Abuja Bureau Chief

The Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) by 50 ground points, from 27.5 percent to 27 percent.

Governor of the Bank, Mr. Olayemi Cardoso, announced the determination connected Tuesday during a property briefing astatine the extremity of the Monetary Policy Committee (MPC) gathering successful Abuja.

According to him, the Committee resolved to: Reduce the MPR by 50 ground points to 27%. Adjust the lasting facilities corridor astir the MPR to +250/-250 ground points.

Raise the Cash Reserve Requirement (CRR) for commercialized banks to 45%, portion retaining that of merchant banks astatine 16%. Introduce a 75% CRR connected non-TSA nationalist assemblage deposits. Retain the Liquidity Ratio astatine 30%.

Mr. Cardoso explained that the determination to little the argumentation complaint was driven by sustained disinflation implicit the past 5 months, projected declines successful ostentation done the remainder of 2025, and the request to fortify economical betterment efforts.

He added that the accommodation of the lasting facilities corridor was aimed astatine improving the ratio of the interbank marketplace and enhancing monetary argumentation transmission.

The station Just in: CBN reduces Monetary Policy Rate to 27% appeared archetypal connected Vanguard News.