Regulatory Alerts2026-05-20 | CBN/MPC/COM/162/305Central Bank of Nigeria Communique No.162 of the 305th Meeting of Monetary Policy Committee
The Monetary Policy Committee of the Central Bank of Nigeria maintained the Monetary Policy Rate at 26.5 percent, the Standing Facilities Corridor at +50/-450 basis points, and existing Cash Reserve Requirements for all banking categories. Despite a marginal two-month increase in headline inflation, the Committee attributed the rise to transitory external shocks and maintained confidence in the current macroeconomic environment's ability to facilitate disinflation. The Committee reaffirmed its commitment to a data-driven, cautious policy stance to safeguard macroeconomic stability while noting the successful conclusion of the banking recapitalization exercise.
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