Nigeria’s Central Bank will hold its next Monetary Policy Committee meeting this July to review interest rates and economic direction.
The Central Bank of Nigeria (CBN) has announced that its 301st Monetary Policy Committee (MPC) meeting will take place on July 21–22, 2025, at its Abuja headquarters. The two-day meeting will start at 10:00 a.m., with CBN Governor Olayemi Cardoso set to reveal new policy decisions at the end.
This meeting comes as analysts and investors watch for fresh signals on Nigeria’s monetary path amid global uncertainties and high local inflation. At its last meeting in May, the MPC kept the Monetary Policy Rate (MPR) steady at 27.5%, with all 12 members voting to hold existing rates to support price stability and gradual recovery.
Other key rates also stayed unchanged: the Cash Reserve Ratio (CRR) remained 50% for Deposit Money Banks and 16% for Merchant Banks, with the Liquidity Ratio kept at 30%. The Bank said this cautious approach allows current measures to work before any new changes.
Analysts say the July meeting could bring a policy shift if inflation, forex trends, or GDP data demand it. Any change will affect borrowing costs, investor confidence, and Nigeria’s economic outlook — making this MPC meeting one to watch closely.
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