CBN Cuts Interest Rate To 26.5% As Inflation Eases For 11th Straight Month
The Central Bank of Nigeria has reduced the Monetary Policy Rate (MPR) by 50 basis points to 26.5 per cent, marking a shift towards moderate easing amid sustained improvements in key macroeconomic indicators. The decision was taken at the 304th meeting of the Monetary Policy Committee (MPC) held on February 23 and 24, 2026, with all eleven members in attendance. In a communiqué presented by the Central Bank of Nigeria […]