2 weeks ago
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The Central Bank of Nigeria, CBN, has retained the country’s Monetary Policy Rate, MPR, astatine 26.50 per cent for the 2nd consecutive time, pursuing its May and July 2026 meetings.
CBN Governor, Olayemi Cardoso, disclosed this during a media briefing aft the 306th Monetary Policy Committee, MPC, gathering successful Abuja connected Tuesday.
According to Cardoso, each 11 members of the committee attended the 306th meeting, wherever they reviewed caller home and planetary economical developments earlier deciding to permission the benchmark lending complaint unchanged.
The determination means the CBN has maintained its choky monetary argumentation stance successful a bid to prolong the moderation successful inflation, stabilise the overseas speech market, and consolidate caller macroeconomic gains.
Recall that successful May, the MPC besides retained the involvement complaint astatine 26.50 per cent.