The Financial Coverage Committee, MPC, of the Central Financial institution of Nigeria, CBN, on Thursday voted unanimously to retain the Financial Coverage Price, MPR, which is the baseline lending price, at 27.50 per cent.
The MPC took the choice on the finish of its 299th assembly and the primary for 2025.
The committee additionally voted to retain the Money Reserve Ratio, CRR, at 50 per cent for Deposit Cash Banks and 16 per cent for Service provider Banks.
The MPC equally retained the Liquidity Ratio (LR) at 30 per cent and the Uneven Hall at +500/-100 foundation factors across the MPR.NAN
