CBN Holds MPR at 26.5% for Second Meeting, Keeps All Rates Unchanged

The Central Bank of Nigeria’s Monetary Policy Committee has retained its key rates. The Monetary Policy Rate remains at 26.5% for a second consecutive meeting. The committee also left the Cash Reserve Requirement and the standing facilities corridor unchanged. This move underlines the CBN’s commitment to a tight monetary policy aimed at curbing inflation and supporting naira stability. Although recent indicators point to gradual economic improvement, the MPC highlighted ongoing risks from the Middle East crisis. Businesses can expect borrowing costs to stay high, while savers continue to benefit from attractive returns. Financial experts say the central bank will keep monitoring inflation, exchange rate swings and global developments before making any further policy adjustments.

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