Amid Efforts to Contain Price Pressures, CBN Retains All Monetary Policy Parameters
Keeps MPR at 27.50%, CRR at 50% for deposit money banks, 16% for merchant banks, liquidity ratio at 30%, external reserves hit $40 billion Cardoso confirms 8 banks have fully scaled recapitalisation hurdles, others doubling efforts
James Emejo in Abuja and Nume Ekeghe in Lagos
Central Bank of Nigeria (CBN)
yesterday resolved to leave the monetary policy parameters, including the Monetary Policy Rate (MPR), the benchmark interest
rate, unchanged at current levels. The Monetary Policy Committee (MPC) of CBN, after its two-day meeting, unanimously voted to
hold policy, retaining the MPR, the rate at which commercial banks borrow from the central bank, at 27.50 per cent.
The bank also retained the asymmetric corridor around the MPR at +500/-100 basis points, Cash Reserve Ratio of Deposit Money
Banks at 50 per cent, and Merchant Banks at 16 per cent, and left the Continued on page 10
Wednesday 23 July, 2025 Vol 30. No 11063. Price: N400
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CBN BRIEFING AFTER 301ST MPC MEETING...
L-R: MPC Member and Deputy Governor, Economic Policy Directorate, Mr. Muhammad Sani Abdullahi; the Governor of Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso; and MPC Member and Deputy Governor, Operations Directorate, PHOTO: SUNDAY AGHAEZE Dr. Bala M. Bello, as the governor briefed the press on the outcome of the 301st meeting of the CBN Monetary Policy Committee held at the Apex Bank headquarters in Abuja, yesterday