Nigeria's Key Rate Held as Central Bank Thinks Inflation Rise Is Transitory
- The Central Bank of Nigeria's Monetary Policy Committee retained the benchmark interest rate at 26.5% during its 305th meeting in Abuja, as announced by Governor Olayemi Cardoso.
- Nigeria's inflation rose marginally to 15.69% in April 2026 due to external shocks, mainly higher fuel costs and geopolitical tensions, but the MPC described the increase as transitory.
- The committee adjusted the asymmetric corridor around the Monetary Policy Rate to encourage lending and kept the Cash Reserve Ratios unchanged for commercial and merchant banks.
- The MPC's decision reflects a cautious approach, expecting the economy to return to disinflation despite recent increases in inflation.
29 Articles
29 Articles
Premium Times Nigeria
CBN retains interest rate at 26.5%
The decision comes after the central bank earlier reduced the Monetary Policy Rate (MPR) by 50 basis points in February, bringing it down from 27 per cent, a level it had held steady since November 2025. The post CBN retains interest rate at 26.5% appeared first on Premium Times Nigeria.
Breaking: CBN retains monetary policy rate at 26.5%
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, “…
CBN Maintains Monetary Policy Rate At 26.5% After 305th MPC Meeting Amid Inflation Pressures
The Central Bank of Nigeria (CBN) has kept its benchmark Monetary Policy Rate (MPR) unchanged at 26.5% following the conclusion of its 305th Monetary Policy Committee (MPC) meeting held in Abuja. The decision reflects continued caution by policymakers as they assess inflation trends and broader macroeconomic stability. CBN Governor Olayemi Cardoso announced the outcome, noting that all committee members in attendance agreed to maintain existing …
Naira Steady After CBN Retains Interest Rate At 26.5%
The Naira steadied against the United States Dollar early Thursday in the official window for formal trade, the Nigerian Foreign Exchange Market (NFEM), after the Monetary Policy Committee (MPC) of the Central Bank of Nigeria voted to retain the Monetary Policy Rate (MPR) at 26.5%. The CBN’s decision followed its 305th meeting on May 19 and 20, which recorded the attendance of 11 members. Data from the opening sessions on May 21, 2026, showed th…
Coverage Details
Bias Distribution
- 75% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
