CBN Retains Interest Rate At 26.5%, Raises Concerns Over Heightened 'Global Uncertainties'
All 11 committee members backed the hold as inflation eased to 15.91% in June, while the bank kept tight liquidity controls.
- On Tuesday, CBN Governor Olayemi Cardoso announced the MPC retained the benchmark interest rate at 26.5 per cent following the 306th meeting held July 20 to 21 in Abuja.
- The decision followed a National Bureau report showing headline inflation eased slightly to 15.91 per cent in June, though renewed Middle East hostilities continue to heighten risks to energy prices.
- Committee members also maintained the Cash Reserve Ratio for commercial banks at 45 per cent, while adjusting the asymmetric facilities corridor to +50/-450 basis points to discourage idle funds.
- Cardoso stated the Nigerian economy has "remained largely resilient to the external shocks," reaffirming the apex bank's commitment to monitoring economic data and preserving banking sector stability.
- This marks the second consecutive retention of the benchmark rate this year, as the CBN maintains a tight policy stance to sustain inflation moderation and consolidate recent macroeconomic gains.
30 Articles
30 Articles
UPDATED: CBN holds benchmark interest rate at 26.5% again
The CBN has again held its benchmark interest rate at 26.5% for the second consecutive meeting, citing geopolitical tensions and inflation risks. Get the d Read More: https://punchng.com/updated-cbn-holds-benchmark-interest-rate-at-26-5-again/
Again, CBN hold interest rates at 26.5%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has again retained benchmark interest rates at 26.5% Briefing journalists at the end of the 306th MPC Meeting in Abuja on Tuesday, CBN governor, Mr. Olayemi Cardoso, stated that the decision to hold was a result of thorough assessment of balance of risk and economic indicators “11 members of the MPC who were present at the meeting voted to retain Monetary rates at 26.5% “Al…
BREAKING: CBN retains interest rate at 26.50% for second consecutive time
The Central Bank of Nigeria, CBN, has retained the country’s Monetary Policy Rate, MPR, at 26.50 per cent for the second consecutive time, following its May and July 2026 meetings. CBN Governor, Olayemi Cardoso, disclosed this during a media briefing after the 306th Monetary Policy Committee, MPC, meeting in Abuja on Tuesday. According to Cardoso, […] BREAKING: CBN retains interest rate at 26.50% for second consecutive time
Premium Times Nigeria
Nigerian News. Latest Nigeria News. Your online Nigerian Newspaper.BREAKING: CBN retains interest rate at 26.5%
CBN Governor said that the committee’s decision is based on a thorough assessment of the economy. The post BREAKING: CBN retains interest rate at 26.5% appeared first on Premium Times Nigeria.
Coverage Details
Bias Distribution
- 57% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
