The Central Bank of Nigeria has decided to keep the Monetary Policy Rate unchanged at 27.5 per cent, signaling a continued focus on economic stability amid ongoing challenges.

This was disclosed by CBN Governor, Olayemi Cardoso, during a press briefing following the 301st meeting of the Monetary Policy Committee in Abuja on Tuesday.

The MPC also voted to retain the Cash Reserve Ratio for Deposit Money Banks at 50 per cent and for Merchant Banks at 16 per cent, maintaining the existing liquidity requirements for financial institutions.

“Also Liquidity Ratio has been maintained at 30 per cent,” Cardoso said.

The CBN governor explained that the decision was driven by the need to sustain efforts at curbing inflation and maintaining price stability, as it would help address emerging monetary pressures.

He also disclosed that eight banks have so far met the Central Bank’s recapitalisation requirements, while others are making significant progress toward compliance.

The decision reflects the CBN’s cautious approach to balancing inflation control with economic growth, as policymakers navigate a complex macroeconomic environment.