CBN Retains MPR at 27% as Inflation Eases

Oru Leonard 

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has retained the Monetary Policy Rate (MPR), at 27.0 per cent, citing progress in reducing inflation and a stable economic outlook.

The decision, made at the 303rd meeting of the MPC held 24th and 25th November, 2025, also includes adjusting the Standing Facility corridor to +50/-450 basis points around the MPR. The Cash Reserve Requirement (CRR), and Liquidity Ratio remain unchanged at 45.00 per cent and 30.00 per cent, respectively.

The Committee noted the continued deceleration in headline inflation (year-on-year) in October 2025, driven by sustained monetary policy tightening, stable exchange rate, and improved food supply. However, inflation remains high at double digits, requiring sustained efforts to moderate it further.

The MPC reaffirmed its commitment to a data-driven assessment of developments and outlook to guide future policy decisions, aiming to achieve low and stable inflation.