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Nigeria: CBN Retains Interest Rates At 27.5 Percent
NIGERIA, JUL 22 – The Central Bank of Nigeria aims to sustain disinflation amid inflation above target, with all 12 Monetary Policy Committee members voting unanimously to keep the rate at 27.5%.
- On Tuesday, July 23, 2025, in Abuja, CBN held MPR at 27.5%, keeping CRR, Liquidity Ratio, and asymmetric corridor unchanged.
- Although inflation dipped slightly, the MPC concluded it was not yet stable, aiming to sustain disinflation momentum.
- Earlier this week, system liquidity improved marginally, bond coupon inflows proved insufficient, interbank rates stayed at 32.5%.
- Manufacturers Association of Nigeria urged a rate cut, while LCCI called the retained rate a significant obstacle.
- Looking ahead, the next MPC meeting is scheduled for September 22 and 23, 2025, and staff project further inflation decline in the coming months.
33 Articles
33 Articles
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