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CBN Holds Rates Steady Amid Declining Inflation

7/23/2025

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Summary

Story summary

The Central Bank of Nigeria (CBN) maintained the Monetary Policy Rate at 27.5%, prioritizing inflation control.
Inflation decreased to 22.22% in June, the lowest since April 2023, despite a slight rise in core inflation.
The CBN kept the Cash Reserve Ratio at 50% for deposit banks and 16% for merchant banks.
Eight banks successfully met recapitalization requirements, reflecting improved banking sector stability.
The CBN aims to sustain disinflation while observing global economic trends.

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Story summary

The Central Bank of Nigeria (CBN) maintained the Monetary Policy Rate at 27.5%, prioritizing inflation control.
Inflation decreased to 22.22% in June, the lowest since April 2023, despite a slight rise in core inflation.
The CBN kept the Cash Reserve Ratio at 50% for deposit banks and 16% for merchant banks.
Eight banks successfully met recapitalization requirements, reflecting improved banking sector stability.
The CBN aims to sustain disinflation while observing global economic trends.