Key Insight
Current MPR: —. The CBN raised the MPR from 11.5% to 27.5% between 2022 and 2024 — a cumulative 1,600 basis point tightening to combat surging inflation following the June 2023 FX reform.
CBN Monetary Policy Rate (%) — MPC Decision Dates
The CBN raised the Monetary Policy Rate aggressively from 11.5% in 2022 to 27.5% in 2024 to combat surging inflation.
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Source: CBN MPC communiques · Stepped line = rate held flat between meetings
MPR Decision History
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