By Atoyebi Nike
The Central Bank of Nigeria (CBN) has decided to maintain its benchmark interest rate at 27 percent, continuing its pause on monetary tightening.
Governor Olayemi Cardoso announced the decision on Tuesday at the conclusion of the CBN’s 303rd Monetary Policy Committee meeting in Abuja.
Cardoso explained, “The Committee decided by a majority vote to maintain the monetary policy stance,” signaling that members believe current economic conditions do not yet justify further rate reductions.
This decision follows a 50-basis-point cut in September 2025, the only reduction since the current tightening cycle began under CBN leadership. It also represents the fourth consecutive rate hold by the committee this year.
