The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) voted to keep the Monetary Policy Rate (MPR) at 26.5% at its 305th meeting.
The decision was made at the most recent MPC session, which had 11 members in attendance.
Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), announced the decision on Wednesday at the end of the Monetary Policy Committee’s 305th meeting in Abuja.
“The Committee resolved to retain the Monetary Policy Rate at 26.5 per cent.” Cardoso said.
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.
