CBN retains monetary policy parameters during first MPC meeting in 2025
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Thursday voted unanimously to retain the monetary policy rate (MPR), which is the baseline lending rate, at 27.50 per cent.
The MPC took the decision at the end of its 299th meeting and the first for 2025.
The committee also voted to retain the cash reserve ratio (CRR) at 50 per cent for deposit money banks and 16 per cent for merchant banks.
The MPC equally retained the liquidity ratio (LR) at 30 per cent and the asymmetric corridor at +500/-100 basis points around the MPR.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
States
Niger: Police rescue two suspected phone thieves from mob
He identified the suspects as Hassan Abdullahi, 20, and Khalifa Bashir, 22.Â
Heading 5
Court of Appeal nullifies Electoral Act provisions on parties’ primary election, membership register
Zenith Party argued that the disputed Electoral Act provisions unlawfully interfered with the internal affairs of political parties.Â
Lagos
Governor Sanwo-Olu inaugurates climate investment fund
Mr Sanwo-Olu described the fund as a landmark intervention.Â
States
Judiciary partners revenue board to boost IGR in Taraba
Mr Agya commended the service for its reforms.Â
NationWide
NRC reaffirms police partnership to protect rail assets
Mr Opeifa described the nation’s railway infrastructure as critical national assets that must be safeguarded.Â
Showbiz
‘Home Alone 2’ actress Brenda Fricker dies at 81
She was born in 1945 in Dublin, Ireland.
