As we envisaged, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) reduced the Monetary Policy Rate (MPR) by 50bps to 26.50% (previous: 27.0%), citing sustained disinflation, naira appreciation, and an improved external position. However, the Committee retained the Standing Facility Corridor at +50bps/-450bps, while leaving the […]
Updates
MPC Reduces MPR by 50bps to 26.50%
February 24, 2026/Cordros Update The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) at today’s policy meeting, voted to: Reduce the MPR by 50bps to 26.50% (Previous: 27.00%) Retain the asymmetric corridor around the MPR at +50bps/-450bps Retain the CRR for Deposit Money Banks at 45.0%, and Merchant Banks at 16.0% Retain the 75.0% CRR […]
Flash Note: MPC Reduces Benchmark Policy Rate to 26.5%
February 24, 2026/CSL Update The Monetary Policy Committee (MPC) decided to reduce the Monetary Policy Rate (MPR). A breakdown of all parameter adjustments are as follows: Reduce the Monetary Policy Rate (MPR) by 50 basis points to 26.50% Asymmetric Corridor retained by +50/-450 basis points around the MPR. Cash Reserve […]
