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CBN Retains Interest Rate at 26.5% After Inflation Uptick
The Monetary Policy Committee of the Central Bank of Nigeria has decided to keep the benchmark interest rate unchanged at 26.5 per cent.
CBN Governor Olayemi Cardoso announced the decision on Wednesday at the conclusion of the committee’s 305th meeting in Abuja.
The move follows a 50-basis-point cut that was implemented in February 2026, as well as a previous hold during the MPC briefing in November 2025.
The committee’s latest decision came shortly after the National Bureau of Statistics released the Consumer Price Index report for April 2026. The report showed that Nigeria’s headline inflation rate rose marginally to 15.69 per cent in April, up from 15.38 per cent recorded in March, representing an increase of 0.31 percentage points.