CBN Governor, Olayemi Cardoso
The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 27.5 per cent.
CBN Governor Olayemi Cardoso announced this in Abuja on Tuesday, May 20, 2025, following the Monetary Policy Committee (MPC) meeting.
Cardoso said all 12 MPC members voted unanimously to retain the policy.
Oil prices fall to $65.48/barrel
The committee retained the Cash Reserve Ratio at 50 per cent for Deposit Money Banks and 16 per cent for Merchant Banks.
The Liquidity Ratio remains at 30 per cent, and the Asymmetric Corridor was held at +500/-100 basis points around the MPR.
Since February 2024, the MPC under Cardoso had raised the MPR from 18.5 per cent to 27.5 per cent before opting to pause rate hikes with this latest decision.
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