CBN to Hold 304th MPC Meeting on February 24 to Discuss Monetary Policy Decisions

The Central Bank of Nigeria (CBN) has announced plans to hold its 304th Monetary Policy Committee (MPC) meeting on February 24, 2026. The MPC, chaired by the CBN Governor and comprising key officials like the Deputy Governor and external members, is responsible for formulating monetary and credit policies to maintain price stability.

The upcoming meeting in Abuja follows the last MPC session in November 2025, where the CBN retained the monetary policy rate at 27% to curb inflationary pressures and stabilize the foreign exchange market. The CBN also adjusted the asymmetric corridor around the MPR to 250-250 basis points, signaling a cautious approach towards liquidity management.

The focus of the upcoming meeting is expected to be on sustaining price stability in the face of moderate inflationary pressures, with a long-term policy outlook guiding decision-making.