MPC Set to Hold Rate at 26.5%, as Analysts Project Possible Easing

As the Monetary Policy Committee (MPC) of the Central Bank of Nigeria convenes on Monday and Tuesday, September 21 and 22, 2026, analysts believe members will continue to hold the benchmark interest rate unchanged at 26.5 per cent, even as they expect tweaks signalling a willingness to ease. The committee had left the rate unchanged after a 50 basis points ease in February this year. Dr Ayo Teriba, Chief Executive of Economic Associates, said the recent moderation in inflation was not strong enough to justify a reduction in the Monetary Policy Rate, arguing that the MPC would need to observe the trend for longer before making a major policy move.

Read More