The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has again retained the monetary policy rate (MPR) at 26.5 percent.
Olayemi Cardoso, CBN’s governor, announced the committee’s decision at a press conference on Tuesday after the panel’s 306th meeting in Abuja.
This is the second time the CBN committee has left the interest rate unchanged in 2026.
The MPC also retained the asymmetric corridor around the MPR at +500/-100 basis points, the cash reserve ratio (CRR) at 40.5 percent for deposit money banks and 16 percent for merchant banks, while leaving the liquidity ratio unchanged at 30 percent.
Explaining the decision, Cardoso said maintaining the current policy stance would enable it to assess incoming economic data before making further adjustments.
“The committee’s decision to maintain the current policy stance followed a thorough assessment of the balance of risks,” the CBN governor said.
“Although the headline inflation moderated marginally in June 2026, global uncertainties
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