cbn statement, 2025-05-20
At the 300th Monetary Policy Committee (MPC) meeting, which was held on May 19 and 20, 2025, I voted to hold all policy rates at their current levels as follows: 1. Retain the Monetary Policy Rate (MPR) at 27.50 per cent. 2. Retain the asymmetric corridor around the MPR at +500/ -100 basis points. 3. Retain the Cash Reserve Ratio of Deposit Money Banks at 50.00 per cent and Merchant Banks at 16 per cent. 4. Retain the Liquidity Ratio at 30.00 per cent.
Sentiment: rate_hold
Topic: mp_interest_rate