Central Bank of Nigeria (CBN) has retained the country’s Monetary Policy Rate (MPR) at 26.50 per cent.

The CBN Governor, Mr Olayemi Cardoso, who disclosed this during a press briefing at the end of the 305th Monetary Policy Committee (MPC) meeting in Abuja, Wednesday, explained that the decision was a unanimous one agreed on by all the MPC members.

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He noted the committee also retained the Cash Reserve Ratio (CRR) at 45 per cent for commercial banks and 16 per cent for merchant banks, while the 75 per cent on the same ration on non-TSA public sector deposits was maintained.

Cardoso stated that the liquidity ratio was retained at 30 percent, and the standing facilities corridor was adjusted to +50/-450 basis points around the monetary policy rate.

The 26.50 per cent interest rate by the CBN comes amid the country’s inflation rate for both in April and March which had risen to 15.69 percent and 15.38 percent, respectively.

The MPC had also cut the rate by 50 basis points during its 304th meeting in February 2026.

Meanwhile, in reaction to the CBN announcement, the country’s stock reversed gains as it recorded a whopping N1.62 trillion in losses after CBN just after the interest rate retention.