The Apex Bank Holds Rates Steady at 306th Monetary Policy Committee (MPC) Meeting, Extending Era of Cautious Monetary Discipline
At its 306th meeting, the Central Bank of Nigeria maintained its restrictive policy stance, keeping the Monetary Policy Rate at 26.50%. The decision prioritizes inflation control, exchange rate stability, and macroeconomic resilience amidst global uncertainties. While this sustains attractive yields for fixed-income investors, borrowing costs for businesses and households will remain elevated in the near term.