The Central Bank of Nigeria (CBN) on Tuesday kept its benchmark interest rate, known as the Monetary Policy Rate (MPR) unchanged at 27 percent butadjusted the corridor around the MPR at +50-450 percent from +250/-250 percent in September 2025.
The decision was announced by Olayemi Cardoso, CBN governor after the conclusion of the two-day Monetary Policy Committee (MPC) meeting in Abuja.
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The CBN also maintained key monetary tools including the Cash Reserve Ratio at 45.00 percent for Deposit Money Banks and 16 percent for Merchant Banks, and left the Liquidity Ratio unchanged at 30.00 percent.