The Central Bank of Nigeria (CBN) has decided to keep its benchmark interest rate unchanged at 27 percent, the apex bank announced on Tuesday following its 303rd Monetary Policy Committee (MPC) meeting in Abuja.
Governor Olayemi Cardoso stated that the committee also opted to maintain all other monetary policy indicators at their current levels.
According to Cardoso, the Cash Reserve Ratio (CRR) remains at 45 percent for commercial banks and 16 percent for merchant banks, while the 75 percent CRR on non-TSA public sector deposits is unchanged. The Liquidity Ratio was also retained at 30 percent, with the Standing Facilities Corridor set at +50/-450 basis points around the Monetary Policy Rate.
The MPC’s decision comes amid a sustained decline in inflation, with Nigeria recording its seventh consecutive month of easing price pressures. In September 2025, inflation slowed to 16.05 percent, reflecting gradual stabilization in the economy.
Cardoso emphasized that the CBN will continue to monitor economic developments closely and adjust policies as necessary to ensure price stability and support growth.