At the 304th policy meeting held yesterday, the Monetary Policy Committee cut the policy rate by 50 basis points to 26.50% from 27%; it was retained at its 303rd meeting in November last year.
The Committee had cut the rate in September 2025 by 50 bps from 27.50% to 27%.
The Central Bank of Nigeria (CBN) said its decision to cut the MPR was partly driven by improving macroeconomic conditions, including a sustained slowdown in year-on-year inflation.
