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Raise the MPR by 25 basis points to 27.50 per cent from 27.25 per cent. Retain the asymmetric corridor around the MPR at +500/-100 basis points. Retain the Cash Reserve Ratio of Deposit Money Banks at 50.00 per cent and Merchant Banks at 16 per cent.

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its 297 th meeting on the 23 rd and 24 th of September 2024 to review recent economic and financial developments as well as assess risks to the outlook.

2 days ago · The MPC meeting remains a critical event for Nigeria’s economic outlook, influencing decisions on interest rates, inflation control, and broader macroeconomic stability. What you should know Nairametrics earlier reported that the CBN postponed its first MPC meeting for 2025, following delays in the release of the rebased CPI report by the NBS.

1 day ago · The Central Bank of Nigeria (CBN) yesterday shifted the 299th meeting of its Monetary Policy Committee (MPC) earlier scheduled for February 17 and 18, to Wednesday, February 19 and Thursday ...

3 days ago · After he was newly appointed in September 2023, the CBN postponed a meeting of its MPC again as investors and analysts look forward to the move by the new Governor Olayemi Cardoso in tackling surging inflation. The CBN held its first MPC meeting of 2024 on February 26th and 27th, which was also the first under Cardoso’s leadership.

1 day ago · The Central Bank of Nigeria (CBN) has announced that its first Monetary Policy Committee (MPC) earlier scheduled for February 17 and 18, 2025, will now hold on Wednesday, February 19 and Thursday, February 20, 2025. The announcement puts paid to speculation around the date of the 299th meeting, amid ...

Nov 26, 2024 · Under Yemi Cardoso’s leadership, the CBN’s MPC has implemented six interest rate hikes to combat inflation, which currently stands at 33.88%. The first increase raised the rate from 18.75% to 22.75%, followed by subsequent hikes to 24.75% and 26.25%.

2 days ago · The CBN held its first MPC meeting of 2024 on February 26 and 27, which was also the first under Cardoso’s leadership. Monetary policy decisions rely heavily on inflation trends; however, the ...

MPC Meeting Calendar for 2025 : MPC Meeting: Activity : Months: Meeting No. Day 1: Day 2: February: 299: Feb. 17, 2025: Feb. 18, 2025 : May: 300: May 19, 2025: May 20 ...