CBN retains current monetary policy rate

By Samuel Solomon

The Central Bank of Nigeria (CBN) has maintained the current Monetary Policy Rate (MPR) of 27.5 per cent with all policy parameters.

The Governor of CBN, Olayemi Cardoso, disclosed this at the MPC briefing in Abuja on Tuesday. The apex bank’s MPC held its 301 meeting on July 21st and 22nd, 2025, to review recent economic and financial developments and outlook.

Consequently, the Committee also retained the asymmetric corridor at +500/-100 basis points around the MPR, leaving the Cash Reserve Ratio at 50 per cent for Deposit Money Banks and a general Liquidity Ratio of 30 per cent.

Cardoso explained that the decision to maintain the current MPR was premised on the need to continue to ensure the ongoing disinflation while vigorously ensuring declining prices.

Similarly, the CBN boss revealed that as of July 18, the nation’s foreign reserve stood at 40.1 billion, which could provide import cover of nine and a half months.
The governor said the monetary and fiscal authorities would continue to work together to reduce the nation’s inflation rate to a single digit.

Cardoso said the decision was premised on the need to sustain the momentum of this inflation and sufficiently contain price pressures

According to him, maintaining the current policy stance will continue to address the existing and emerging inflationary pressure.