CBN reduces the interest rate to 27% in the adaptation of policies – Thage

By Victor Osula, Abuja

The Nigeria Central Bank Monetary Committee (MPC) has reduced the 50 -basic monetary policy rate (MPR), lowering it from 27.5% to 27%.

The announcement was made by the Governor of the CBN, Olaymi Cardoso, during a briefing prints on Tuesday in Abuja, following the conclusion of the 302nd meeting of the Committee.

Cardoso explained that the MPC also approved other adjustments, including a cut in the cash reserve ratio (CRR) to 45% for commercial banks, keeping it at 16% for merchant banks. In addition, a 75% CRR was introduced for non -TSA public sector deposits.

He said that the liquidity ratio would be retained at 30%, underlining that the movement of politics has the purpose of strengthening the management of liquidity and the sending of clearer signals to the financial markets.

According to the governor of the CBN, the decision reflects a cautious attempt to relieve monetary conditions in response to the moderation of inflation and the improvement of macroeconomic indicators.

The inflation rate of the title of Nigeria increased to 20.12% in August 2025, decreasing from 21.88% recorded in July.

Post views:
95