NewStats: 3,263,927 , 8,181,930 topics. Date: Sunday, 08 June 2025 at 07:57 PM ja2l

The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which benchmarks interest rates, from 26.75 percent to 27.25 percent.

Olayemi Cardoso, CBN’s governor, announced the 50 basis points increase at a press conference on Tuesday after the committee’s 297th meeting in Abuja.

Cardoso said the increase was to further tame inflation.

On September 16, the National Bureau of Statistics (NBS) said Nigeria’s inflation rate declined to 32.15 percent in August — the second time in 2024.

Also, the CBN governor said the committee retained the asymmetric corridor at +500 and -100 basis points around the MPR.

He said the committee also increased the cash reserve ratio (CRR) from 45 percent to 50 percent, while retaining the liquidity rate at 30 percent.

Cardoso said the MPC agreed to increase monitoring of future releases with a view to addressing its effect on price developments.

He also said the committee noticed the relative stability and convergence in the exchange rate across the various market segments resulting from the bank’s tight monetary policy stance.

The CBN governor said it will help improve confidence, which will enable economic agents to plan in the medium to long term.

“The committee was, however, unanimous in recognising that a lot more is required to actualise the bank’s price stability mandate,” he said.

“The MPC noted that even though headline inflation trended downwards due to a moderation in food inflation, core inflation has remained elevated, driven primarily by rising energy prices.

“The uptrend poses severe concerns to as it clearly indicates the persistence of inflationary pressures. thus reiterated the need to work in close collaboration with the fiscal authority to address the current upward pressure on energy prices.

“The MPC noted the continued growth in money supply, recognising the need to curtail excess liquidity in the system as well as address foreign exchange demand pressures.”

‘FG HAS PLEDGED NOT TO DEPEND ON WAYS AND MEANS FOR FINANCING’

Cardoso said the MPC was worried about the fiscal deficits.

However, he said the federal government has pledged not to resort to ways and means for monetary financing.

“ were also concerned about the growing level of fiscal deficit but acknowledged the commitment of the fiscal authority not to resort to monetary financing through ways and means,” he said.

‘LIFTING PETROL FROM DANGOTE REFINERY WILL REDUCE TRANSPORT COSTS’

Also, Cardoso applauded the federal government for the effort put into stabilising food prices.

He said the committee expressed optimism that “the lifting of refined petroleum products from Dangote Petroleum Refinery will moderate transportation costs and significantly the easing of food price pressures in the short to medium term”.

“This is also expected to moderate foreign exchange demand for importation of refined petroleum products, with a positive spillover on external reserve and improvement in the overall balance of payment position,” he said.

Cardoso also applauded the ongoing efforts of the federal government of Nigeria to bridge the supply deficit through a duty-free import window for food commodities.

In addition, the CBN governor said the MPC “noted that the real policy rate remains negative, even after the recent moderation in headline inflation”.

“To attract investments into the economy, efforts must be sustained to achieve a positive real interest rate.” he said.

Cardoso it would enhance the economy’s competitiveness for foreign capital, thereby improving the exchange rate.

https://www.thecable.ng/breaking-cbn-increases-interest-rate-to-27-25/amp/

On tinubu manhood una stand.

SIGNS OF DEAD ECONOMY

1. Arbitrary increase of already high interest rates by Government
2. Arbitrary increase of already high tax rates by Government
3. Widening and deepening of tax nets by Government.
4. Arbitrary increase of tariffs by Government
5. Excessive and endless borrowing by Government.
6. ARBITRARY INCREASE OF PRICE OF ESSENTIAL COMMODITIES LIKE PETROL


EFFECT ON CITIZENS
1. Poverty and Hunger
2. Hardship and HOPELESSNESS
3. Protest and revolutionary citizens
4. Crimes , Conflict, Confusion

Ask them how the interest rate increase stops or reduces inflation and you will hear plenty of nothing. Grandstar, food is ready o.

No business, I repeat no legitimate business will borrow money at this rate and be able to pay back without running down.

Only drug dealers can borrow money at this rate and be able to pay back

Omo nothing concern me with Naija matter again ooo

Let tinubu deal with us as he likes, if you like die, na your cup of tea, if you like survive, na still your cup of tea

CodeTemplarr:
Ask them how the interest rate increase stops or reduces inflation and you will hear plenty of nothing. Grandstar, food is ready o.

This is the problem with you: you never want to learn.

You prefer to proffer uneducated answers to economic issues.

Economics is about 400 years old if I'm correct. People are awarded Nobel prizes. It comes with a doctorate program. Someone can not rise up one morning, spurring rubbish, thinking he talking economics.

Go through that link and educate yourself.

For interest rates to work effectively, it must be higher than inflation.

https://www.google.com/amp/s/businessday.ng/big-read/article/cbn-mops-up-n1-51trn-in-four-months-to-stabilise-economy/%3famp

I want you to answer these 2 questions after reading the article.

1. Who are the target institutions in an OMO?

2. What does OMO stand for?

thisisit:
SIGNS OF DEAD ECONOMY

1. Arbitrary increase of already high interest rates by Government
2. Arbitrary increase of already high tax rates by Government
3. Widening and deepening of tax nets by Government.
4. Arbitrary increase of tariffs by Government
5. Excessive and endless borrowing by Government.
6. ARBITRARY INCREASE OF PRICE OF ESSENTIAL COMMODITIES LIKE PETROL


EFFECT ON CITIZENS
1. Poverty and Hunger
2. Hardship and HOPELESSNESS
3. Protest and revolutionary citizens
4. Crimes , Conflict, Confusion

All complaints, not one single solution?

grandstar:


This is the problem with you: you never want to learn.

You prefer to proffer uneducated answers to economic issues.

Economics is about 400 years old if I'm correct. People are awarded Nobel prizes. It comes with a doctorate program. Someone can not rise up one morning, spurring rubbish, thinking he talking economics.

Go through that link and educate yourself.

For interest rates to work effectively, it must be higher than inflation.

https://www.google.com/amp/s/businessday.ng/big-read/article/cbn-mops-up-n1-51trn-in-four-months-to-stabilise-economy/%3famp

I want you to answer these 2 questions after reading the article.

1. Who are the target institutions in an OMO?

2. What does OMO stand for?

Why is it not working then? Or is it working in your own opinion? You mean that N1.5Tr came from the lower class of the society and has stemmed the tide of inflation thats steadily increasing? You are wonderfully brainwashed beyond what verifiable results can concvince otherwise.

CodeTemplarr:
Ask them how the interest rate increase stops or reduces inflation and you will hear plenty of nothing. Grandstar, food is ready o.

Because people are expecting magic, just like those ungrateful people in the Bible demanded magic from Moses in the wilderness?

Most are aware of the suffering that followed them after their expectations of magic failed.

grandstar:


This is the problem with you: you never want to learn.

You prefer to proffer uneducated answers to economic issues.

Economics is about 400 years old if I'm correct. People are awarded Nobel prizes. It comes with a doctorate program. Someone can not rise up one morning, spurring rubbish, thinking he talking economics.

Go through that link and educate yourself.

For interest rates to work effectively, it must be higher than inflation.

https://www.google.com/amp/s/businessday.ng/big-read/article/cbn-mops-up-n1-51trn-in-four-months-to-stabilise-economy/%3famp

I want you to answer these 2 questions after reading the article.

1. Who are the target institutions in an OMO?

2. What does OMO stand for?

professor, those of us you don't have any knowledge of economy or how economics works knows that the increase in interest rate cannot solve our economic woes inflicted on us by first class Chicago ant. Multiple nationals companies are leaving the country saying there that are leaving because of harsh economic policies of Bulaba

CodeTemplarr:
Why is it not working then? Or is it working in your own opinion?

The interest rates need to be higher than inflation.

Presently, inflation is 33%, while the CBN rate is 28.5%. It needs to be higher than inflation to be effective.

Economist like to use a phrase "in real "

Recently, a microfinance bani through their bank wanted me to save with them, offering me 20% interest rates.

I rejected it because it was lower than inflation. Though it looked tempting, the fact the rate was lower than inflation, this put me off.

Saving rate - the inflation rate

20%-33% = -13%.

In real , I was losing 13%.

If they offered me 35%, I would most likely have jumped at it as I would make 2% in real .

Inflation is too high and it's hurting everyone.

grandstar:


The interest rates need to be higher than inflation.

Presently, inflation is 33%, while the CBN rate is 28.5%. It needs to be higher than inflation to be effective.

Economist like to use a phrase "in real "

Recently, a microfinance bani through their bank wanted me to save with them, offering me 20% interest rates.

I rejected it because it was lower than inflation. Though it looked tempting, the fact the rate was lower than inflation, this put me off.

Saving rate - the inflation rate

20%-33% = -13%.

In real , I was losing 13%.

If they offered me 35%, I would most likely have jumped at it as I would make 2% in real .

Inflation is too high and it's hurting everyone.

You are irredeemable sir.

grandstar:


This is the problem with you: you never want to learn.

You prefer to proffer uneducated answers to economic issues.

Economics is about 400 years old if I'm correct. People are awarded Nobel prizes. It comes with a doctorate program. Someone can not rise up one morning, spurring rubbish, thinking he talking economics.

Go through that link and educate yourself.

For interest rates to work effectively, it must be higher than inflation.

https://www.google.com/amp/s/businessday.ng/big-read/article/cbn-mops-up-n1-51trn-in-four-months-to-stabilise-economy/%3famp

I want you to answer these 2 questions after reading the article.

1. Who are the target institutions in an OMO?

2. What does OMO stand for?

Inflation is over 100%. So are you saying interest rates will exceed 100%

iwaeda:
The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which benchmarks interest rates, from 26.75 percent to 27.25 percent.

Olayemi Cardoso, CBN’s governor, announced the 50 basis points increase at a press conference on Tuesday after the committee’s 297th meeting in Abuja.

Cardoso said the increase was to further tame inflation.

On September 16, the National Bureau of Statistics (NBS) said Nigeria’s inflation rate declined to 32.15 percent in August — the second time in 2024.

ment


Also, the CBN governor said the committee retained the asymmetric corridor at +500 and -100 basis points around the MPR.

He said the committee also increased the cash reserve ratio (CRR) from 45 percent to 50 percent, while retaining the liquidity rate at 30 percent.

Cardoso said the MPC agreed to increase monitoring of future releases with a view to addressing its effect on price developments.

ment


ment
He also said the committee noticed the relative stability and convergence in the exchange rate across the various market segments resulting from the bank’s tight monetary policy stance.

The CBN governor said it will help improve confidence, which will enable economic agents to plan in the medium to long term.

“The committee was, however, unanimous in recognising that a lot more is required to actualise the bank’s price stability mandate,” he said.

“The MPC noted that even though headline inflation trended downwards due to a moderation in food inflation, core inflation has remained elevated, driven primarily by rising energy prices.

ment


“The uptrend poses severe concerns to as it clearly indicates the persistence of inflationary pressures. thus reiterated the need to work in close collaboration with the fiscal authority to address the current upward pressure on energy prices.

“The MPC noted the continued growth in money supply, recognising the need to curtail excess liquidity in the system as well as address foreign exchange demand pressures.”

‘FG HAS PLEDGED NOT TO DEPEND ON WAYS AND MEANS FOR FINANCING’

Cardoso said the MPC was worried about the fiscal deficits.

ment
However, he said the federal government has pledged not to resort to ways and means for monetary financing.

“ were also concerned about the growing level of fiscal deficit but acknowledged the commitment of the fiscal authority not to resort to monetary financing through ways and means,” he said.

‘LIFTING PETROL FROM DANGOTE REFINERY WILL REDUCE TRANSPORT COSTS’

Also, Cardoso applauded the federal government for the effort put into stabilising food prices.

He said the committee expressed optimism that “the lifting of refined petroleum products from Dangote Petroleum Refinery will moderate transportation costs and significantly the easing of food price pressures in the short to medium term”.

“This is also expected to moderate foreign exchange demand for importation of refined petroleum products, with a positive spillover on external reserve and improvement in the overall balance of payment position,” he said.

Cardoso also applauded the ongoing efforts of the federal government of Nigeria to bridge the supply deficit through a duty-free import window for food commodities.

In addition, the CBN governor said the MPC “noted that the real policy rate remains negative, even after the recent moderation in headline inflation”.

“To attract investments into the economy, efforts must be sustained to achieve a positive real interest rate.” he said.

Cardoso it would enhance the economy’s competitiveness for foreign capital, thereby improving the exchange rate.

https://www.thecable.ng/breaking-cbn-increases-interest-rate-to-27-25/amp/

The only thing this man does is to increase interest rate

joke of a country

Nlfpmod, we are at almost at 30%. They told us he built Lagos and he picks the best.

Economic idiotic guru thinks raising our interest rate is going to help curb inflation as if the cause of our inflation is similar to those in developed countries where excess money in circulation is the problem.

What a stupid fool Tifnubu is

NOTHONG CONCERN.ME BUT HE DEY MY MIND AS LONG AS OBI WILL NOT BE PRESIDENT IN 2027 .



APC HAS STARTED WINNING STATES ALREADY THATS HOW THEY WILL GOLIBLY ALLOWED BAT TO WIN MORE STATES AGAIN IN PRESIDENTIAL ELECTION 😔😨


MY PEOPLE TOO MUMU

This increase isn't high enough. The rate needs to be higher than the inflation rate to succeed in killing rising prices.

There's an urgent need for inflation to be slain. It needs to be brought down to below 10%.

My inflation yardstick is the price of an egg. Sometime ago, the price of an egg went up from 150 to 200. Now, it's 250. I was taken aback by this.

I won't be surprised if the price hits 600 by next year ending.

Why does the page title contradict the content?

Voodoo economics!

These people keep wrecking businesses.

Instantly banks will increase their lending rate. Business loans becomes more expensive. Few business, manufacturers, importers etc who can borrow will now increase the price of their goods.

The poor gets squeezed more and more as things get more expensive.

Tomorrow one ignorant traditional ruler will tell businessmen not to increase the price of their goods.

popesco123:
On tinubu manhood una stand.

We will stand on his dead amu!

Interest rate is high when is cbn going to intervene in Agriculture

Haha operation k!ll the masses by any means necessary

Dougad:
Economic idiotic guru thinks raising awareness interest rate is going to help curb inflation as if the cause of our inflation is similar to those in developed countries where excess money in circulation is the problem.

What a stupid fool Tifnubu is

I skipped my economics class but I never believed they could be this stupid. There is no adequate liquidity to start with not to talk of taming it.

grandstar:


The interest rates need to be higher than inflation.

Presently, inflation is 33%, while the CBN rate is 28.5%. It needs to be higher than inflation to be effective.

Economist like to use a phrase "in real "

Recently, a microfinance bani through their bank wanted me to save with them, offering me 20% interest rates.

I rejected it because it was lower than inflation. Though it looked tempting, the fact the rate was lower than inflation, this put me off.

Saving rate - the inflation rate

20%-33% = -13%.

In real , I was losing 13%.

If they offered me 35%, I would most likely have jumped at it as I would make 2% in real .

Inflation is too high and it's hurting everyone.

My God! you are a compound fool

Baba don talk say
I will reduce the purchasing power and increase tax. So make una go relax

grandstar:


The interest rates need to be higher than inflation.

Presently, inflation is 33%, while the CBN rate is 28.5%. It needs to be higher than inflation to be effective.

Economist like to use a phrase "in real "

Recently, a microfinance bani through their bank wanted me to save with them, offering me 20% interest rates.

I rejected it because it was lower than inflation. Though it looked tempting, the fact the rate was lower than inflation, this put me off.

Saving rate - the inflation rate

20%-33% = -13%.

In real , I was losing 13%.

If they offered me 35%, I would most likely have jumped at it as I would make 2% in real .

Inflation is too high and it's hurting everyone.

This one clearly wasted is father's hard earned money studying theories. That your hand should be amputated before you put yourself in trouble. The type of inflation that empty head is trying to tame is different because there is no liquidity in the economy to start with or even free money people can assess.

Lol. Somebody wrote that interest rate must be equal to inflation rate for it to work.

Nawa for me and the people wey dey this country. So a country like Turkey now have to increase their interest rates to match their inflation rate ba??