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By Elvis Onuigbo The Central Bank of Nigeria's MPC 304th meeting announced a 26.5% Monetary Policy Rate (MPR) , 45% Cash Reserve Ratio (CRR) for commercial banks, 30% Liquidity Ratio , and a +50 to -450 basis points Standing Facilities Corridor . Here’s what it means for Nigeria’s economy. CBN MPC 304th Meeting: What the Latest Monetary Policy Decisions Mean for Nigeria's Economy Key Policy Decisions Monetary Policy Rate (MPR): 26.5% Cash Reserve Ratio (CRR): 45% (Commercial Banks), 16% (Merchant Banks) Liquidity Ratio (LR): 30% Standing Facilities Corridor (SFC): +50 / -450 basis points around MPR What This Means for Nigeria The decision to maintain all major rates shows that the Central Bank is prioritising inflation control and macroeconomic stability over short-term growth stimulation. High interest rates mean borrowing remains expensive for businesses and individuals. At the same time, tight liquidity conditions are d...