4 results for “Monetary Policy”
The Central Bank of Nigeria lowered its benchmark interest rate by 350 basis points on September 22, 2026, the steepest cut on record, as inflation eased for a third straight month and reserves strengthened.
The Central Bank of Nigeria is mopping up excess cash to keep money-market conditions tight, supporting the naira and inflation but keeping borrowing costs elevated.
Policymakers kept the benchmark unchanged and pushed back on talk of early cuts.
The 350-basis-point reduction marked a larger step in the easing cycle, though borrowing costs will still depend on liquidity, bank funding and credit risk.