DailyNews posted CBN Retains Interest Rate At 26.5%, All Policy Parameters Unchanged The Central Bank of Nigeria has retained all key...

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CBN Retains Interest Rate At 26.5%, All Policy Parameters Unchanged The Central Bank of Nigeria has retained all key monetary policy parameters for the second consecutive meeting, keeping the Monetary Policy Rate at 26.5 per cent, while leaving the Standing Facilities Corridor and Cash Reserve Requirement unchanged. The decision signals the Monetary Policy Committee's resolve to maintain its tight monetary policy stance as it consolidates recent gains in inflation and exchange rate stability. The Monetary Policy Committee said recent economic indicators point to improving activity and projected that output growth will remain resilient, although the prolonged Middle East crisis remains a major risk to the outlook. By holding rates steady, the CBN aims to anchor inflation expectations, support investor confidence and preserve macroeconomic stability. For businesses, the decision means borrowing costs are likely to remain high, making access to credit more expensive, while savers may continue to benefit from relatively higher deposit and investment yields.

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