CBN MPC Meeting Outcome: Interest Rates Held at 27% Despite Inflation Drop to 15.1%
MPC Meeting Outcome: CBN Holds Rate at 27% Amid 15.1% Inflation Drop By [Ohizu Chibuike Paschal] | February 24, 2026 The Central Bank of Nigeria (CBN) has concluded its highly anticipated 304th Monetary Policy Committee (MPC) meeting today, February 24, 2026. In a move that surprised some analysts calling for a cut, the committee voted to hold the Monetary Policy Rate (MPR) at 27.00% . The Numbers: Why the Hold? Despite headline inflation falling significantly to 15.1% (a major drop from the 34.8% seen in late 2024), Governor Olayemi Cardoso emphasized a "cautious approach" to ensure price stability is permanent. MPR: Retained at 27.00% CRR: Kept at 45.0% to mop up excess liquidity. Liquidity Ratio: Unchanged at 30.0%. The Naira Factor The committee noted that the Naira has shown resilience, trading at approximately ₦1,346/$ at...
