CBN Maintains Interest Rate at 27% as Inflation Continues to Ease

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The Monetary Policy Committee of the Central Bank of Nigeria has voted to keep the benchmark interest rate unchanged at 27 per cent.

CBN Governor, Olayemi Cardoso, announced the resolution on Tuesday at the end of the Bank’s 303rd MPC meeting in Abuja.

Cardoso explained that the committee also agreed to retain all key monetary policy parameters. According to him, the Cash Reserve Ratio (CRR) will remain 45 per cent for commercial banks and 16 per cent for merchant banks, while the 75 per cent CRR on non-TSA public sector deposits stays in place.

He further disclosed that the Liquidity Ratio is unchanged at 30 per cent, with the Standing Facilities Corridor adjusted to +50/-450 basis points around the Monetary Policy Rate.

The MPC’s decision comes amid Nigeria’s sustained decline in inflation, which has now fallen for seven consecutive months, standing at 16.05 per cent as of September 2025.

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