Nigeria’s top financial regulators have opted to sustain their aggressive anti-inflation stance, keeping the Monetary Policy Rate (MPR) unchanged at 27 percent.
The decision reflects the Central Bank of Nigeria’s continued effort to stabilise prices amid economic pressures that have tested households and businesses.
CBN Governor Olayemi Cardoso explained that the committee carefully weighed current economic indicators before deciding to maintain the benchmark rate.
He noted that retaining the MPR remains essential to “steer inflation back to a manageable path while supporting broader stability.” Cardoso spoke shortly after the Monetary Policy Committee concluded its 303rd session.
The meeting, held in Abuja, presented an opportunity for policymakers to review recent fiscal movements, exchange dynamics, and inflationary trends.
Meanwhile, according to analysts, the retained rate signals that the apex bank is not ready to ease its tightening cycle until inflation shows stronger signs of retreat.
The MPR, widely regarded as the anchor for lending and borrowing costs across the financial system, continues to influence how commercial banks set interest rates for loans, savings, and investments.
By holding the rate steady, the bank hopes to maintain the pressure needed to curb rising prices while protecting the naira from further volatility.