The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has unanimously voted to retain the Monetary Policy Rate (MPR) at 26.5 percent following the conclusion of its 305th meeting.
The committee also resolved to maintain all other monetary policy parameters, signalling the apex bank’s continued cautious approach to managing inflation and safeguarding economic stability.
According to the MPC, the decision was aimed at sustaining efforts to anchor inflation expectations while preserving macroeconomic stability amid prevailing economic conditions.
The committee noted that maintaining the current monetary stance reflects its commitment to closely monitoring domestic and global economic developments before making further policy adjustments.
The Monetary Policy Rate serves as the benchmark interest rate that influences lending rates across Nigeria’s banking sector and is a key tool used by the CBN to control inflation and support economic growth.
