CBN retains interest rate at 27%

The Central Bank of Nigeria (CBN) has announced that the Monetary Policy Committee (MPC) retained the Monetary Policy Rate (MPR) at 27 per cent.

CBN Governor Olayemi Cardoso announced this at a press conference in Abuja on Tuesday, November 25, 2025.

Cardoso said the committee retained the interest rate at its 303rd meeting in Abuja.

Cardoso disclosed that the committee members also voted to adjust the asymmetric corridor to +50 and -450 basis points around the MPR.

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The CBN boss said the committee retained the cash reserve ratio (CRR) at 45 per cent for deposit money banks, merchant banks at 16 per cent, and 75 per cent for non-treasury single account public sector deposits.

He added that the committee decided to keep the liquidity ratio unchanged at 30 per cent.

“This favourable development resulted from several factors, including sustained monetary policy tightening, stable exchange rate, capital flows, and surplus current count balance,” Cardoso said.

This is the fourth time the MPC would retain the MPR, following similar calls in February, May, and July.

The Star