ARTICLE AD BOX
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Wednesday voted to retain the Monetary Policy Rate (MPR) at 26.5%.
The was part of the decisions reached at the 305th MPC meeting, with 11 members in attendance.
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, who announced the decision the end of the meeting in Abuja, said “The Committee resolved to retain the Monetary Policy Rate at 26.5 per cent.”
READ ALSO: NDLEA bursts Nigeria-Mexico meth factory in Ogun forest, seizes N480bn drugs (Video)
The decision follows a 50-basis-point reduction in February 2026 and a previous hold at the MPC briefing in November 2025.
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.
The post CBN’s MPC retains interest rate at 26.5% appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.
English (US) ·