July 23, 2025/United Capital Report

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its 301st meeting on July 21 and 22, 2025 to review recent economic and financial developments and the outlook. All twelve (12) members of the Committee were in attendance.

Decision of the MPC

The Committee decided to maintain the current monetary policy stance and hold all policy parameters constant as follows:

1. Retain the Monetary Policy Rate (MPR) at 27.50 per cent.

2. Maintain the asymmetric corridor around the MPR at +500/-100 basis points.

3. Retain the Cash Reserve Ratio (CRR) for Deposit Money Banks at 50.00 per cent and for Merchant Banks at 16.00 per cent.

4. Keep the Liquidity Ratio unchanged at 30.00 per cent.

This decision was premised on the need to sustain the momentum of disinflation and sufficiently contain price pressures. Maintaining the current policy stance will continue to address the existing and emerging inflationary pressure.

• Review the Central Bank of Nigeria’s (CBN) communique from the 301st Monetary Policy Committee (MPC) meeting. here