Regulatory Alerts2026-02-16 | CBN/MPC/COM/160/303Personal Statements of MPC Members for the 303rd Meeting of the Monetary Policy Committee (MPC)
The Central Bank of Nigeria's Monetary Policy Committee, in its November 2025 meeting, predominantly chose to retain the Monetary Policy Rate at 27.0%, alongside existing Cash Reserve Ratios and Liquidity Ratios, while adjusting the Standing Facility corridor to +50/-450 basis points. This collective decision underscores a commitment to solidify recent disinflationary gains—headline inflation decreased for the seventh consecutive month to 16.05%—and maintain macroeconomic stability, even as some members proposed a modest rate cut to further stimulate an economy showing robust growth in non-oil sectors and strengthened external reserves. The adjusted corridor specifically aims to manage system liquidity, channeling funds towards productive sectors without compromising the ongoing efforts to anchor inflation expectations and ensure financial system resilience.