The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR), the country’s benchmark interest rate, at 26.5 percent.
The decision was announced at the end of the 306th meeting of the MPC, held in Abuja on July 20 and 21, 2026.
All 11 members of the committee attended the two-day meeting, where they reviewed recent domestic and global economic developments before deciding to leave the benchmark lending rate unchanged.
The decision means the CBN has maintained its tight monetary policy stance amid efforts to sustain the moderation in inflation, stabilise the foreign exchange market and consolidate recent macroeconomic gains.
Details shortly…
