The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has retained the interest rate at 27 per cent.
Olayemi Cardoso, CBN Governor made this disclosure after the committee concluded it’s 303rd meeting in Abuja on Tuesday.
He explained that the majority of MPC members agreed that holding the current stance was the most appropriate step in light of prevailing economic indicators.
He said, “The Committee decided by a majority vote to maintain the monetary policy stance. However, members did not consider the economic environment stable enough to justify another rate cut.”
The decision follows a modest 50-basis-point reduction in September 2025 — the first and only downward adjustment since the current monetary tightening cycle began under the present CBN leadership.
With Tuesday’s announcement, the MPC has now kept the Monetary Policy Rate unchanged for the fourth consecutive time this year.
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