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Central Bank of Nigeria

NGN · Official Website

Latest Statement

⚖️ Neutral

CBN MPC Communique No. 160 - November 2025

2025-11-25

The Central Bank of Nigeria's Monetary Policy Committee has decided to maintain the Monetary Policy Rate at 27.0 percent to support ongoing efforts to reduce inflation while navigating global uncertainties. The committee emphasized the importance of a data-driven approach to future policy decisions, highlighting recent positive trends in inflation and external sector performance.

The Monetary Policy Rate is retained at 27.0 percent, with adjustments made to the Standing Facility corridor.
Headline inflation has been decelerating for seven consecutive months, attributed to tight monetary policy and improved economic conditions.
The committee noted the importance of sustaining current policy to allow previous rate hikes to impact the economy effectively.

⚡ Rate

↑0 ↓0 →1

📝 Classified Sentences

⚡ Rate Holdmp_interest_rate

"The Committee decided by a majority vote, to maintain the current monetary policy stance with an adjustment to the corridor as follows: Retain the Monetary Policy Rate (MPR) at 27.0 per cent."

Economic Indicators

Policy Rate	27.00%
USD/NGN	1351.63
GDP Growth	-1.6%
M2 Growth	14.2%
10Y Yield	16.87%
2y10y Spread	-1.63%

HISTORICAL TRENDS

Policy Rate

FX Rate

CPI

GDP

10Y Yield

2Y-10Y Spread

Stance

Key Commodities

Top traded commodities for Nigeria

Commodity	Price	1D	30D
Brent Crude Oil	71.90 USD/barrel	-1.2%	+9.9%

Recent Statements

CBN MPC Communique No. 159 - September 2025 🦅 Hawkish

2025-09-23

⚡ Rate

↑0 ↓1 →0

🏦 Reserves

↑3 ↓0

📝 Classified Sentences

🏦 Reserve Tightmp_interest_rate

"Adjust the CRR for commercial banks to 45 per cent while retaining that of merchant banks at 16 per cent."

🏦 Reserve Tightmp_interest_rate

"Introduce a 75 per cent CRR on non-TSA public sector deposits."

🏦 Reserve Tightmp_interest_rate

"The Committee further introduced a 75 per cent CRR on non-TSA public sector deposits for enhanced liquidity management."

⚡ Rate Cutmp_interest_rate

"The Committee decided as follows: 1. Reduce the Monetary Policy Rate (MPR) by 50 basis points to 27.00 per cent."

CBN MPC Communique No. 158 - July 2025 ⚖️ Neutral

2025-07-22

⚡ Rate

↑0 ↓0 →1

📝 Classified Sentences

⚡ Rate Holdmp_interest_rate

"Retain the Monetary Policy Rate (MPR) at 27.50 per cent."

CBN MPC Communique No. 157 - May 2025 ⚖️ Neutral

2025-05-20

⚡ Rate

↑0 ↓0 →11

📝 Classified Sentences

⚡ Rate Holdmp_interest_rate

"The Committee was unanimous in its decision to hold policy and thus decided as follows: 1. Retain the MPR at 27.50 percent."

⚡ Rate Holdmp_interest_rate

"I vote to hold the MPR, the CRR, the Asymmetric corridor and the liquidity ratio at their current levels."

⚡ Rate Holdmp_interest_rate

"At the 300th Monetary Policy Committee (MPC) meeting, which was held on May 19 and 20, 2025, I voted to hold all policy rates at their current levels as follows: 1. Retain the Monetary Policy Rate (MPR) at 27.50 per cent. 2. Retain the asymmetric corridor around the MPR at +500/ -100 basis points. 3..."

⚡ Rate Holdmp_interest_rate

"Specifically, I voted to retain the MPR at 27.50 per cent."

⚡ Rate Holdmp_interest_rate

"I voted to hold all parameters constant."

+6 more sentences

CBN MPC Communique No. 156 - February 2025 ⚖️ Neutral

2025-02-20

⚡ Rate

↑0 ↓0 →1

📝 Classified Sentences

⚡ Rate Holdmp_interest_rate

"Retain the MPR at 27.50 per cent."

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