CBN Keeps Interest Rate at 27% in Unanimous MPC Vote

The Central Bank of Nigeria (CBN) has decided to retain the Monetary Policy Rate (MPR) at 27% after a unanimous vote by the Monetary Policy Committee (MPC) led by CBN Governor Olayemi Cardoso. The decision was announced at the end of the committee's 303rd meeting held in Abuja.

The MPC aims to consolidate recent economic stability by keeping key parameters unchanged, emphasizing the importance of maintaining low and stable inflation. The CBN chief assured that the bank remains committed to adopting necessary measures to sustain price stability and enhance economic resilience in the upcoming MPC meetings expected to be held in the first quarter of 2026.