The Central Bank of Nigeria (CBN) has decided to maintain the current Monetary Policy Rate (MPR) of 27.5 percent, with all policy parameters unchanged.
CBN Governor Olayemi Cardoso explained that this decision was made to ensure the ongoing disinflation process while keeping prices in check.
The CBN’s Monetary Policy Committee (MPC) held its 301st meeting on July 21st and 22nd, 2025, to review recent economic and financial developments and outlook.
The Committee also retained the asymmetric corridor at +500/-100 basis points around the MPR and left the Cash Reserve Ratio at 50 percent for Deposit Money Banks and a general Liquidity Ratio of 30 percent.
According to Cardoso, the decision to maintain the current policy stance will continue to address existing and emerging inflationary pressures.
The CBN boss noted that the nation’s foreign reserve stood at $40.1 billion as of July 18, providing import cover of nine and a half months.
The monetary and fiscal authorities will work together to reduce the nation’s inflation rate to a single digit.
