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 charge, at 27.50 per cent.
The MPC took the choice on the finish of its 299th assembly and the primary for 2025.
The committee additionally 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 foundation factors across the MPR.
NAN