The Monetary Policy Committee of the Central Bank of Nigeria has kept the benchmark interest rate unchanged at 27 per cent, continuing its suspension of further monetary tightening.
CBN Governor Olayemi Cardoso disclosed the decision on Tuesday following the committee’s 303rd meeting held in Abuja.
Cardoso said, “The Committee decided by a majority vote to maintain the monetary policy stance,” indicating that members were not yet convinced that current economic conditions warranted another reduction.
The move follows the 50-basis-point cut implemented in September 2025, the only rate reduction since the tightening cycle began under the current CBN leadership.
It also marks the fourth consecutive hold this year.