Nigeria's Central Bank (CBN) Monetary Policy Committee has decided to hold the benchmark interest rate at 26.5%. Learn more about this decision.
May 20, 2026 2:08 pm
CBN Governor, Olayemi Cardoso. Photo: CBN / X
The Monetary Policy Committee of the Central Bank of Nigeria has retained the benchmark interest rate at 26.5 per cent.
The CBN Governor, Olayemi Cardoso, announced the decision on Wednesday at the end of the committee’s 305th meeting in Abuja.
Cardoso said, “The Committee’s decision is as follows: retain the monetary policy rate at 26.5 per cent.”
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