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BREAKING: CBN retains interest rate at 27.50%

Yemi Cardoso.webp

The  Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday voted to retain its Monetary  Policy Rate at 27.50 per cent with an asymmetric corridor at +500basis points/-100basis points. 

For the second meeting in 2025, the members have voted to retain interest rate or MPR at 27.50 per cent in a move to tackle inflation rate and stabilize the Naira at the foreign exchange market. 

The members after the two-day meeting in Abuja also retain the CRR for Deposit Money Banks at 50per cent and Merchant Banks at 16per cent and  retain liquidity rate at 30 per cent.

…more details shortly