BREAKING: CBN Freezes Interest Rate at 27% as Inflation Decline Continues

The Central Bank of Nigeria has held its benchmark interest rate at 27 per cent, choosing stability as inflation continues its downward trend.

Announcing the outcome of the bank’s 303rd MPC meeting on Tuesday in Abuja, CBN Governor Olayemi Cardoso said all key monetary policy parameters remain unchanged.

The Cash Reserve Ratio stays at 45 per cent for commercial banks and 16 per cent for merchant banks, while the 75 per cent CRR on non-TSA public sector deposits was retained.

The Liquidity Ratio also remains at 30 per cent, with the Standing Facilities Corridor set at +50/-450 basis points around the MPR.

The decision comes as Nigeria records its seventh consecutive month of easing inflation, now down to 16.05 per cent as of September 2025.