July 28, 2025/Coronation Report

Summary  

The Central Bank of Nigeria’s (CBN) 301st Monetary Policy Committee (MPC) meeting held on July 21st–22nd, 2025 resulted in no change to policy. The Committee unanimously agreed to hold the Monetary Policy Rate (MPR) at 27.50% and kept all other parameters unchanged.

The asymmetric corridor remained at +500/-100 bps around the MPR, the Cash Reserve Ratio (CRR) stayed at 50% for Deposit Money Banks (DMBs) and 16% for Merchant Banks, and the Liquidity Ratio was retained at 30%.

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