The Central Bank of Nigeria (CBN) has kept its benchmark interest rate unchanged at 27 percent as the Monetary Policy Committee (MPC) concluded its 303rd meeting on Tuesday, Okay News reports.
CBN Governor Olayemi Cardoso, speaking at a press briefing after the meeting in Abuja, said the decision reflects the committee’s continued effort to stabilise prices, curb inflationary pressures, and support financial-sector resilience.
The MPC voted to retain the Monetary Policy Rate (MPR) at 27 percent, describing the stance as necessary to consolidate recent gains in macroeconomic management.
Alongside the benchmark rate, the committee also maintained key ratios across the banking sector.
The Cash Reserve Ratio (CRR) was retained at 45 percent for commercial banks and 16 percent for merchant banks, while the 75 percent CRR on non Treasury Single Account (TSA) public sector deposits remains unchanged.
The Liquidity Ratio (LR) was also held steady at 30 percent, signalling confidence in the current operational thresholds of the financial system.
However, the committee approved one significant adjustment.
The Standing Facilities Corridor was revised to plus 50 basis points and minus 450 basis points around the MPR.
