The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) to 27.25%, marking the fifth consecutive increase in a series of monetary policy adjustments. This decision was made by the Monetary Policy Committee (MPC), with the MPR increased by 50 basis points from its previous rate of 26.75%.

In addition to the interest rate hike, the committee elevated the Cash Reserve Ratio (CRR) for financial institutions. Deposit Money Banks (DMBs) now face a 50% requirement, up from 45%, while Merchant Banks must comply with a CRR of 16%, increased from 14%.

However, the MPC decided to maintain the Liquidity Ratio (LR) at 30% and the Asymmetric Corridor at +500/-100 basis points relative to the MPR. These moves are part of ongoing efforts to manage inflation and stabilize the Nigerian economy.