Again, CBN retains interest rate at 27.5%

The Central Bank of Nigeria’s Monetary Policy Committee has decided to maintain the benchmark interest rate at 27.5% for the second consecutive time in 2025.

CBN Governor Olayemi Cardoso announced the decision on Tuesday during a press briefing following the committee’s 300th meeting held in Abuja.

“The Committee was unanimous in its agreement to hold all parameters,” he said.

This second pause in rates comes after six consecutive hikes recorded in 2024.