The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has retained the country’s monetary policy rate (MPR) at 27 per cent.
CBN governor, Olayemi Cardoso, CBN’s governor, made this known at a news conference on Tuesday after the 303rd meeting of the committee in Abuja.
The MPR serves as the baseline interest rate in an economy; other interest rates used within the economy are built on it.
Retaining the MPR at 27 per cent extends the CBN’s pause on monetary tightening.
Cardoso said, “The Committee decided by a majority vote to maintain the monetary policy stance,” indicating that members were not yet convinced that current economic conditions warranted another reduction.
The move follows the 50-basis-point cut implemented in September 2025, the only rate reduction since the tightening cycle began under the current CBN leadership.
It also marks the fourth consecutive hold this year.
The MPC raised rates six times in 2024 amid surging inflation and currency pressures.
