The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has retained the Monetary Policy Rate (MPR) at 26.5% following its 305th meeting held on May 19 and 20. Speaking after the meeting, CBN Governor said the committee decided to maintain all key monetary policy parameters, reflecting a cautious approach toward inflation control and…
The Central Bank of Nigeria (CBN) has maintained its Monetary Policy Rate (MPR) at 27%, the apex bank announced during the 303rd meeting of the Monetary Policy Committee (MPC) in Abuja. The MPR serves as the benchmark for other interest rates in the economy. The Committee also affirmed its commitment to a tight monetary stance,…
The Central Bank of Nigeria (CBN) has reduced its Monetary Policy Rate (MPR) by 50 basis points — from 27.5% to 27% — following its 302nd Monetary Policy Committee meeting held on September 22–23, 2025. CBN Governor Dr. Olayemi Cardoso explained that the decision was driven by five consecutive months of disinflation, positive inflation projections…
The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) to 27.50 per cent from 27.25 per cent as part of efforts to combat surging inflation. This followed the meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN). The monetary policy rate measures the benchmark interest rate….
