CBN Holds MPC Next Wk

The Central Bank of Nigeria, CBN, has announced Monday and Tuesday, July 21 and 22, 2025, for its next  Monetary Policy Committee, MPC,  meeting.

The apex bank disclosed this in a notice released on its official website at the weekend.

The last time the apex bank held the MPC meeting was in May, where members decided to leave the  Monetary Policy Rate or benchmark interest rate , MPR, unchanged at 27.5 percent .

The decision supported unanimously by all the 12 MPC, was contrary to expectations that the CBN would slash the interest rate in line with the economic realities in the country.

Ahead its meeting next week, not a few in the sector suggest that the regulator will tinker with the MPR, to show the country’s economic direction.

Cardoso had while speaking to journalists after the May MPC meeting, hinged the decision to retain the interest rate at 27.5 percent the recent improvements in macroeconomic indicators, especially food inflation, which he said had begun to moderate.

He said, “All 12 members of the committee were present and the decision of the committee was unanimous to maintain rates at 27.5 per cent and cash reserve ratio for Deposit Money Banks at 50 per cent and 16 per cent for merchant banks.

“The committee’s decision was hinged on the moderation of food inflation and success in the fight against insecurity, especially in farming communities.”