CBN cuts interest rate to 26.50%

The Central Bank of Nigeria has chopped the involvement complaint by 50 ground points to 26.50 percent from 27 percent.
The CBN Governor, Olayemi Cardoso, announced this successful a property briefing aft its 304th Monetary Policy Committee connected Tuesday.

Cardoso said the determination was unanimously agreed upon by each members of MPC.

He said the committee retained the Cash Reserve Ratio (CRR) astatine 45 percent for commercialized banks and 16 percent for merchant banks, portion the 75 percent CRR connected non-TSA nationalist assemblage deposits was arsenic maintained.

Cardoso added that the liquidity ratio was retained astatine 30 percent, and the lasting facilities corridor was adjusted to +50/-450 ground points astir the monetary argumentation rate.

“The committee decided to trim the monetary argumentation complaint by 50 ground points to 26.50 percent,” helium said.

Recall that successful November 2025, the MPC retained the Monetary Policy Rate (MPR) astatine 27.00 percent. The past clip the apex slope chopped involvement was successful September past year, from 27 percent to 27.50 percent.

DAILY POST reports that the country’s involvement complaint dropped successful January to 15.10 percent from N15.15 percent, according t...