Breaking: CBN Cuts Interest Rate to 26.5%

Nigeria’s apex bank has lowered its benchmark Monetary Policy Rate by half a percentage point, bringing it down from 27 per cent to 26.5 per cent.

The reduction was approved during the 304th session of the Monetary Policy Committee held on Tuesday, with all 11 members present for the crucial deliberations.

Persecondnews reports that the Monetary Policy Rate is the central bank’s main instrument for steering inflation, controlling money supply and safeguarding broader economic stability across the country.

By trimming the rate, the committee hopes to strike a better balance between stimulating growth, keeping price rises in check and making loans more affordable for businesses and households.

This latest cut continues the bank’s gradual easing cycle, following an earlier reduction that took the rate to 27 per cent back in September 2025.

Analysts see the move as part of a sustained effort by the Central Bank of Nigeria to tackle ongoing economic headwinds through careful calibration of its policy tools.