By The Central Bank of Nigeria (CBN) has kept its Monetary Policy Rate (MPR) at 27.50%, along with other key monetary parameters, in a move to stabilize the economy.
CBN Governor Olayemi Cardoso announced the decision after the Monetary Policy Committee’s (MPC) first meeting of 2025, citing economic conditions and rebased inflation figures.
The National Bureau of Statistics (NBS) recently reported a drop in Nigeria’s inflation rate to 24.48% in January, down from 34.80% in December, following a rebasing exercise that updated the base year to 2024.
Governor Cardoso emphasized that the MPC’s decision aligns with international best practices and aims to sustain economic stability. The CBN will continue to monitor domestic and global risks to Nigeria’s economy.
