The Central Bank of Nigeria (CBN) has elected to maintain its benchmark lending rate at 27.5% during the first monetary policy meeting of 2025. This marks the first time in over a year that the CBN has opted to keep interest rates unchanged.
In addition to the decision on the monetary policy rate (MPR), the CBN also confirmed that other key policy rates would remain unchanged.
The cash reserve ratio (CRR) for deposit money banks (DMBs) was maintained at 50.0%, while merchant banks saw their CRR remain at 16.0%. The liquidity ratio (LR) stayed steady at 30.0%, and the Asymmetric Corridor around the MPR was kept at +500/-100 basis points.