JUST IN: Cardoso explains reasons behind MPC interest rate cut, hails synergy with fiscal authorities

JUST IN: Cardoso explains reasons behind MPC interest rate cut, hails synergy with fiscal authorities

“It took the market by surprise, and markets, as we know, generally don't like surprises,” Mr Cardoso said at the panel discussion themed “How Central Banks Decide—Committee Decision-Making and Communication in an Era of Uncertainty”.

CBN interest rate reset a “right move”

The International Monetary Fund (IMF) has described the Central Bank of Nigeria’s (CBN) September interest rate cut as the right move, saying Nigeria has made significant progress in reducing inflation while monetary policy remains tight.

Cardoso Defends Tight Monetary Policy, Says Reforms Restored Confidence

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says Nigeria’s economic reforms, policy transparency and effective communication have helped restore investor confidence, ease inflation and strengthen external reserves. Cardoso spoke during a panel sessions on global economic resilience and risks, and how central banks make decisions, at the 2026 IMF-World Bank Annual […] Cardoso Defends Tight Monetary Policy, Says Reforms Res…

Cardoso Links Interest Rate Cut to Improved Fiscal-Monetary Coordination

By Adedapo Adesanya The Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, has attributed the September reduction in the benchmark interest rate to improved coordination between fiscal and monetary authorities, alongside easing inflation and stronger external reserves. Mr Cardoso said alignment between both arms of economic management helped address longstanding challenges in […]