The Central Bank of Nigeria (CBN) has decided to retain its benchmark interest rate, the Monetary Policy Rate (MPR), at 27.5%. This decision was made during the 301st Monetary Policy Committee (MPC) meeting held on July 21-22, 2025. Here’s a breakdown of the key points.
The MPR remains unchanged at 27.5%, aiming to sustain disinflation and contain price pressures. The decision was based on the need to maintain momentum in disinflation, contain price pressures, and address existing and emerging inflationary pressures. Nigeria’s headline inflation eased to 22.22% in June, driven by declines in energy prices and improved foreign exchange stability. However, month-on-month inflation rose slightly to 1.68%.
