CBN Implements Monetary Easing, Cuts MPR to 27% for Economic Growth
The Central Bank of Nigeria (CBN) has initiated monetary easing by reducing the Monetary Policy Rate (MPR) to 27% from the previous rate. The CBN's Monetary Policy Committee (MPC) made this decision based on sustained disinflation and stronger Gross Domestic Product (GDP) growth in the second quarter of 2025.
The move signifies the CBN's shift towards supporting economic expansion in Nigeria. The adjustment in the MPR aims to ease credit conditions in the economy.
The MPC also made changes to the standing facility corridor around the MPR to enhance interbank market transactions and market stability. Various stakeholders, including the Nigeria Employers Consultative Association (NECA) and the Centre for Promotion of Private Enterprise (CPPE), have commended the CBN's decision to boost the economy.
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