{"id":127166,"date":"2026-05-20T17:08:04","date_gmt":"2026-05-20T16:08:04","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=127166"},"modified":"2026-05-20T17:08:04","modified_gmt":"2026-05-20T16:08:04","slug":"just-in-cbn-retains-interest-rate-at-26-5","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/just-in-cbn-retains-interest-rate-at-26-5\/","title":{"rendered":"\u200eJUST IN: CBN Retains Interest Rate at 26.5% \u200e"},"content":{"rendered":"
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By Godswill Michael<\/div>\n
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\u200e<\/div>\n
\u200eThe Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR), otherwise known as the interest rate, at 26.5 per cent.<\/div>\n
\u200e<\/div>\n
\u200eSpeaking at the end of the 305th Monetary Policy Committee (MPC) of meeting in Abuja on Wednesday, the CBN Governor, Olayemi Cardoso, said the committee also retained the asymmetric corridor around the MPR at +500\/-100 basis points.<\/div>\n
\u200e<\/div>\n
\u200eCardoso said that the committee retained the Cash Reserve Ratio (CRR) at 45 per cent for commercial banks and 16 per cent for merchant banks, while the liquidity ratio was maintained at 30 per cent. The committee also retained the CRR for non-Treasury Single Account (non-TSA) public sector deposits at 75 per cent.<\/div>\n
\u200e<\/div>\n
\u200eExplaining the rationale behind the decision, Cardoso said the committee\u2019s decision was based on a comprehensive assessment of risks to both the global and domestic economic outlook.<\/div>\n
\u200e<\/div>\n
\u200e\u201cAlthough inflation increased in the last two months due to global shocks, the MPC recognises its transitory nature and is confident that the prevailing macroeconomic environment will support a return to disinflation,\u201d he said.<\/div>\n
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\u200eDetail later…<\/div>\n
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