Nigeria’s Central Bank of Nigeria (CBN) retains the Monetary Policy Rate (MPR) at 26.5% following its 305th Monetary Policy Committee (MPC) meeting. Multiple outlets report that the MPC also keeps other monetary policy parameters unchanged, in line with its decision to hold the benchmark rate steady. The decision follows an earlier reduction by the CBN in February, when the bank cut the MPR by 50 basis points from 27%. That 27% level had been maintained since November 2025 prior to the February move. Vanguard adds that the CBN does not carry out foreign exchange (FX) market intervention as part of the decision, and that reserves are at about $50 billion, as stated in its media briefing. Overall, the coverage centers on the MPC vote to maintain the 26.5% rate and the continuation of the CBN’s current monetary stance after the prior partial easing in February.
CBN retains Monetary Policy Rate at 26.5%
Nigeria’s Central Bank of Nigeria (CBN) retains the Monetary Policy Rate (MPR) at 26.5% following its 305th Monetary Policy Committee (MPC) meeting. Multiple outlets report that the MPC also keeps oth...
- The CBN’s Monetary Policy Committee (MPC) retains the Monetary Policy Rate (MPR) at 26.5%.
- The decision follows the MPC’s 305th meeting.
- The CBN previously reduced the MPR by 50 basis points in February from 27%.
- The 27% MPR had been held steady since November 2025 before the February cut.
- Vanguard reports the CBN says it is not intervening in the FX market, and cites reserves at about $50 billion.
…as Reserves hit $50b By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 26.5 percent, along with other monetary rate parameters. Briefing the media on the outcome of the 305th Monetary Policy Committee (MPC) committee, in Abuja, yesterday, the Governor of the CBN, Mr. Olayemi […] The post CBN retains rate at 26.5 %, says no FX market intervention appeared first on Vanguard News.
3 months agoThe 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.
3 months agoNigeria’s Central Bank (CBN) Monetary Policy Committee has decided to hold the benchmark interest rate at 26.5%. Learn more about this decision. Read More: https://punchng.com/breaking-cbn-retains-interest-rate-at-26-5/
3 months agoThe 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 post Breaking: CBN retains monetary policy rate at 26.5% appeared first on Vanguard News.
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