The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to retain the Monetary Policy Rate (MPR) at 26.5% following its 305th meeting.
The decision was reached at the latest MPC session, with 11 members in attendance.
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, announced the decision on Wednesday at the conclusion of the Monetary Policy Committee’s 305th meeting in Abuja.
According to Cardoso, “The Committee resolved to retain the Monetary Policy Rate at 26.5 per cent.”
The decision follows a 50-basis-point reduction in February 2026 and a previous hold at the MPC briefing in November 2025.
He announced the MPC also retained the standing facilities corridor around the MPR at +500 to -450 basis points.
Also, the MPC voted to retain the Cash Reserve Requirement (CRR) for Deposit Money Banks at 45%, for Merchant Banks at 16%, and for non-TSA public sector deposits at 75%.
Cardoso explained that the committee’s decision was based on what he described as a comprehensive assessment of economic risks and inflation trends.
According to the CBN governor, the committee acknowledged that inflation has increased slightly for two consecutive months but believes the rise was largely caused by external shocks and may only be temporary.
“The decisions of the MPC were anchored on a comprehensive assessment of risks to the outlook,” he said.
“Although inflation has risen marginally for two consecutive months, largely induced by external shocks, the MPC recognises its transitory nature and remains confident that the current macroeconomic environment is sufficiently robust to support a return to disinflation.”
By holding the benchmark interest rate and maintaining all other key policy parameters at their current levels, the apex bank signals a continued cautious stance on inflation management and overall macroeconomic stability.
1SUBSCRIBE TO OUR NEWSLETTER NOW
Support MATAZ ARISING’ journalism of integrity and credibility.
Good journalism ensure the possibility of a good society, an accountable democracy, and a transparent government.
We ask you to consider making a modest support to this noble endeavour.
TEXT AD: To advertise here – Email ad@matazarising.com
LATEST POSTS
Insecurity: No terrorist base in the Southwest – DHQ
MaTaZ ArIsInGDallas, Texas The military high command on Tuesday dismissed claims suggesting that terrorist groups have established a permanent operational base in the South-West region, following the recent abduction of pupils and staff members in Oriire Local Government Area of Oyo State. According to a statement made available to Defence Correspondents in Abuja by the…
Insecurity: You have right to defend yourselves, Bwala tells Nigerians
MaTaZ ArIsInGDallas, Texas President Bola Tinubu’s Special Adviser on Policy Communication, Daniel Bwala, says Nigerians are constitutionally empowered to defend themselves against attackers, including in situations involving lethal threats, while assuring that the government is working to curb insecurity across the country. Bwala made the statement during an interview on Arise Television on Wednesday, while…
CBN retains monetary policy rate at 26.5%
MaTaZ ArIsInGDallas, Texas The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to retain the Monetary Policy Rate (MPR) at 26.5% following its 305th meeting. The decision was reached at the latest MPC session, with 11 members in attendance. The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso,…
