CBN retains 27.5% interest rate, other monetary policy parameters
20 February 2025 |
10:50 pm
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Thursday voted unanimously to retain the Monetary Policy Rate
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Thursday voted unanimously to retain the Monetary Policy Rate (MPR), which is the baseline lending rate, at 27.50 per cent.
The MPC took the decision at the end of its 299th meeting and the first for 2025.
The committee also voted to retain the Cash Reserve Ratio (CRR) at 50 per cent for Deposit Money Banks and 16 per cent for Merchant Banks.
The MPC equally retained the Liquidity Ratio (LR) at 30 per cent and the Asymmetric Corridor at +500/-100 basis points around the MPR.
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