CBN Holds Interest Rate at 27% as MPC Maintains Tight Monetary Stance

The Central Bank of Nigeria, CBN, has retained the Monetary Policy Rate at 27 percent following the Monetary Policy Committee’s 303rd meeting in Abuja. Governor Olayemi Cardoso said the Committee would maintain a tight stance as it works to sustain the slowdown in headline inflation.

The MPC kept the Cash Reserve Ratio at 45 percent for commercial banks, 16 per cent for merchant banks, and 75 percent on non-TSA public deposits. The Liquidity Ratio stays at 30 per cent, with the Standing Facilities Corridor adjusted to +50 /–450 basis points.

Also Read: Interest Rate To Fall To 12.5% In 2026 As CBN Unwinds Tight Stance

The Committee noted that inflation, though easing, remains high. It also confirmed that 16 banks have met recapitalisation requirements and warned that global inflation will stay above pre-pandemic levels.