The Central Bank of Nigeria’s Monetary Policy Committee has voted to retain the Monetary Policy Rate at 26.5 per cent following its 305th meeting in Abuja, maintaining a tight stance to contain inflation and support macroeconomic stability.
The decision, announced after a two-day meeting attended by 11 members, also left all other key policy parameters unchanged.
CBN Governor Olayemi Cardoso said the committee maintained a cautious position in response to persistent inflationary pressures.
“The committee was guided by the need to sustain the gains in price stability while supporting broader economic resilience,” Cardoso said.
The Standing Facilities Corridor around the MPR was also retained at +50 and -450 basis points, while the Cash Reserve Ratio for Deposit Money Banks remained at 45 per cent.
Merchant banks’ CRR stays at 16 per cent, and public sector deposits outside the Treasury Single Account remain at 75 per cent.
The decision follows the latest inflation data from the National Bureau of Statistics, which showed headline inflation rose to 15.69 per cent in April 2026, up from 15.38 per cent in March.
The MPC said it will continue monitoring inflation trends, exchange rate stability, and liquidity conditions before considering any policy adjustments.
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