Nigeria Holds Key Interest Rate at 26.5% as Global Shocks, Inflation Rise

CBN kept the benchmark Monetary Policy Rate unchanged at 26.5% on Wednesday

: Commercial bank Cash Reserve Ratio remains strictly locked at an elevated 45%

The decision follows a recent uptick in headline inflation to 15.69%.

Policy stability aims to counter external energy shocks and protect foreign capital.

Nigeria Holds Key Interest Rate at 26.5% as Global Shocks, Inflation Rise

CBN kept the benchmark Monetary Policy Rate unchanged at 26.5% on Wednesday

: Commercial bank Cash Reserve Ratio remains strictly locked at an elevated 45%

The decision follows a recent uptick in headline inflation to 15.69%.

Policy stability aims to counter external energy shocks and protect foreign capital.

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