Nigeria's central bank held its benchmark interest rate at 27 percent after policymakers concluded that maintaining the current stance would cement anti-inflation gains and allow earlier tightening measures to permeate the broader economy. Governor Olayemi Cardoso announced that all dozen Monetary Policy Committee members attended the session in Abuja, with a majority backing the decision to preserve existing parameters while tweaking the standing facility corridor and keeping reserve requirements unchanged for commercial and merchant lenders.
Cardoso highlighted seven straight months of cooling price pressures through October 2025, crediting monetary restraint, a firmer naira, robust capital inflows, a current account surplus, and...