Central Bank of Nigeria’s monetary policy committee don vote to keep di monetary policy rate at 27.25%.

CBN Governor, Yemi Cardoso, talk dis one for press conference after di 2-day meeting wey happen for Abuja yesterday. He also talk say di committee still maintain di asymmetric corridor around di MPR at +500/-100 basis points, Cash Reserve Ratio for Deposit Money Banks at 50.00%, Merchant Banks at 16%, and Liquidity Ratio at 30.00%.

Di MPC communique talk say di decision to maintain di rates come from “recent macroeconomic indicators wey show say market stability don improve,” especially for di foreign exchange market and inflation trends.

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