Abuja, Sept. 23, 2025 – The Central Bank of Nigeria (CBN) had reduced the Monetary Policy Rate (MPR) to 27% from 27.5%.
The MPR is the nominal anchor for bank lending rates.
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) took the decision at its meeting which ended in Abuja on Tuesday.
This is the first time the CBN is reducing the MPR in more than three years.
The MPC also reduced the Cash Reserve Ratio (CRR) for commercial banks to 45% from 50%, while that of merchant banks is retained at 16%.
It introduced a 75% CRR for non-TSA public secttor deposits.
The MPC also reduced the Asymmetric Corridor around the MPR to between +200/-100 from +500/-100.
Yemi Cardoso, the Governor of CBN, while announcing the decisions of the MPC at a press briefing in Abuja, said the decisions were due to the positive developments in the economy, particularly the steady slide in inflation rate.
