{"id":163264,"date":"2025-05-20T21:09:50","date_gmt":"2025-05-20T20:09:50","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/cbn-retains-nigerias-interest-at-27-50"},"modified":"2025-05-20T22:15:33","modified_gmt":"2025-05-20T21:15:33","slug":"cbn-retains-nigerias-interest-at-27-50","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/cbn-retains-nigerias-interest-at-27-50","title":{"rendered":"CBN retains Nigeria\u2019s interest at 27.50%"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The Central Bank of Nigeria Monetary Policy Committee has retained the country\u2019s interest rate at 27.50 percent.<\/p>\n<p>The governor of CBN, Olayemi Cardoso, disclosed this in a press briefing on Tuesday after the 300th MPC meeting in Abuja.<\/p>\n<p>\u201cThe committee unanimously agreed to retain MPR at 27.50 percent,\u201d he stated.<\/p>\n<p>Cardoso also announced that the MPC member decided to retain the Cash Reserve Ratio (CRR) at 50 basis points for commercial bank and 16 percent for mortgage bank, the liquidity ratio (LR) at 30 percent, and the asymmetric corridor at +500\/-100 basis points around the MPR; other monetary policy decisions were retained.<\/p>\n<p>He justified MPC\u2019s decision to pause the rate hike on the easing of Nigeria\u2019s inflation rate to 23.7 percent in April.<\/p>\n<p>Last week the National Bureau of Statistics consumer price index showed that country\u2019s inflation dropped by 23.7 percent.<\/p>\n<p>In February, the MPC retained the country\u2019s interest rate at 27.50 percent as inflation cooled off.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Nigeria<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The Central Bank of Nigeria Monetary Policy Committee has retained the country\u2019s interest rate at 27.50 percent. The governor of CBN, Olayemi Cardoso, disclosed this in a press briefing on Tuesday after the 300th MPC meeting in Abuja. \u201cThe committee unanimously agreed to retain MPR at 27.50 percent,\u201d he stated. Cardoso also [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":163263,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1578,503,254],"class_list":["post-163264","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-breaking","tag-cbn","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>CBN retains Nigeria\u2019s interest at 27.50% - Nigeria<\/title>\n<meta name=\"description\" content=\"The Central Bank of Nigeria Monetary Policy Committee has retained the country\u2019s interest rate at 27.50 percent. 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