The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at 27.5 per cent.

The MPR is used to benchmark interest rates in the country and the decision is the third time the regulator is retaining the MPR in 2025.

The Governor of the apex bank, Olayemi Cardoso, announced this on Tuesday at the end of the committee’s 301st meeting in Abuja.

He asserted that the CBN retains the asymmetric corridor around the MPR at +500/-100 basis and other parameters

Cardoso also stated that the MPC acknowledged the effort of the federal government in providing security and its impact on food security.

More to come…