CBN Cuts Monetary Policy Rate To 23% From 26.5%
The Central Bank of Nigeria has reduced its Monetary Policy Rate from 26.5% to 23%. This decision follows signs of moderating inflation and increased stability in the foreign exchange market.
Why it matters
The rate cut is a major economic policy shift intended to stimulate growth as the Nigerian economy shows signs of cooling inflation.
The Central Bank of Nigeria (CBN) has cut its Monetary Policy Rate (MPR) from 26.5% to 23%, marking a 350-basis-point reduction at its September 2026 Monetary Policy Committee meeting....
The Central Bank of Nigeria (CBN) has cut its Monetary Policy Rate (MPR) from 26.5% to 23%, marking a 350-basis-point reduction at its September 2026 Monetary Policy Committee meeting.
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