The 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 decision was reached at the latest MPC session, with 11 members in attendance.
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, announced the decision on Wednesday at the conclusion of the Monetary Policy Committee’s 305th meeting in Abuja.
According to Cardoso, “The Committee resolved to retain the Monetary Policy Rate at 26.5 per cent.”
The decision follows a 50-basis-point reduction in February 2026 and a previous hold at the MPC briefing in November 2025.
By holding the benchmark interest rate and maintaining all other key policy parameters at their current levels, the apex bank signals a continued cautious stance on inflation management and overall macroeconomic stability.
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