BREAKING MONEY TODAY - Tuesday September 22, 2026
The Central Bank of Nigeria has reduced its benchmark interest rate, cutting the Monetary Policy Rate by 50 basis points to 26.50% from 27.00%. CBN Governor Olayemi Cardoso announced the decision on Tuesday while briefing journalists after the bank's 304th Monetary Policy Committee meeting. He said the vote was unanimous, with all MPC members agreeing to ease the policy rate. Despite reduction, MPC left CRR at 45% for commercial banks.
This marks shift from November 2025 when MPC held rate at 27.00%. Inflation easing to 15.10% in January 2026.
What it means for Nigerians: Borrowing cost go reduce small!
Source: Business Elites Africa - https://businesselitesafrica.com/cbn-cuts-interest-rate-to-26-50-after-mpc-meeting/ + Telegraph Nigeria
Hashtags: #CBN #MPR #BreakingNews #SHOWTV
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