• About Us
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Editorial Charter
  • Corrections Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home Breaking News

CBN retains high interest rate in negative policy decision

Apex bank keeps benchmark rate unchanged despite inflation pressure

Mariam Balogun by Mariam Balogun
May 20, 2026
in Breaking News
0 0
0
CBN
thenacre-campaign

CBN monetary policy rate retention confirmed as apex bank maintains 26.50% interest rate amid rising inflation and economic pressure

Central Bank of Nigeria (CBN) on Wednesday, 20 May 2026, announced the retention of its benchmark interest rate in a CBN monetary policy rate retention decision that keeps the Monetary Policy Rate at 26.50 percent following the conclusion of its 305th Monetary Policy Committee meeting in Abuja.

Also read: CBN warns Islamic Banks over compliance risks

CBN Governor, Olayemi Cardoso, disclosed the decision during a press briefing, stating that members of the Monetary Policy Committee unanimously agreed to maintain all key policy parameters.

The committee also retained the Cash Reserve Ratio at 45 percent for commercial banks and 16 percent for merchant banks, while keeping the 75 percent CRR on non-TSA public sector deposits unchanged.

Odun Ifa 2026
ADVERTISEMENT

In addition, the liquidity ratio remained at 30 percent, while the standing facilities corridor was adjusted to +50/-450 basis points around the Monetary Policy Rate.

Perfect-Aesthetic-social-1

The CBN monetary policy rate retention comes despite growing public calls for a reduction in interest rates, with a recent survey indicating that many Nigerians favour a cut to ease financial pressure.

Inflation figures continue to reflect economic strain, rising to 15.69 percent in April from 15.38 percent in March, adding further complexity to the policy decision.

adron lemon friday

The development follows a previous 50 basis point cut announced during the 304th MPC meeting in February 2026, which had signalled a cautious shift in monetary easing before the latest hold.

Also read: CBN appeals federal high court ruling on Union Bank takeover

The apex bank maintained that its current stance remains necessary to stabilise the economy amid ongoing inflationary pressures.

Mariam Balogun
Mariam Balogun

Mariam Balogun is a contributor to Freelanews.com, covering news, business, and public affairs.

Related Posts

Zamfara
Breaking News

Terrorists hold Zamfara man despite collecting ₦2.5m ransom

by Mariam Balogun
August 14, 2026
Abimbola
Breaking News

Breaking: Kola Olawuyi’s widow, Abimbola, dies 19 years after husband’s death

by Mariam Balogun
July 7, 2026
Enugu
Breaking News

Enugu church attack: 3 suspects arrested, 4 AK-47s recovered

by Mariam Balogun
August 11, 2026
Peter Obi
Breaking News

Peter Obi launches 2027 campaign with ‘Nigeria must work’ pledge

by Quadri Olaitan
August 21, 2026
Kwankwaso
Politics

BREAKING: Kwankwaso ally Senator Rufai Hanga resigns from NDC ahead of 2027 election

by Mariam Balogun
August 3, 2026

Leave a ReplyCancel reply

Tiktok Community

You're not logged into Tiktok, please login here
UBA bank ad UBA bank ad UBA bank ad

Recent News

photo 2026 09 27 10 49 58

Nnaji accuses Enugu State government of lawlessness over campaign office raid

September 27, 2026
Tele robot

Nigeria performs remote robotic surgery across 500km

September 27, 2026
46C48BA0 182A 4F51 9ECF 7795322A056A

Healthy Livestock Can Spread Drug-Resistant Bacteria, Experts Warn

September 27, 2026
images 7 6

CSOs, lawyers demand justice over student’s death in ₦8,000 debt case

September 27, 2026
  • Trending
  • Comments
  • Latest
N250k signature

Abiodun vs Amosun: N250k signature plot deepens Ogun political crisis ahead Tinubu visit

April 3, 2026
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
james akaie scaled

Nollywood SFX makeup artist James Akaie allegedly dies after explosion on Abeokuta movie set

January 13, 2026
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
photo 2026 09 27 10 49 58

Nnaji accuses Enugu State government of lawlessness over campaign office raid

September 27, 2026
Tele robot

Nigeria performs remote robotic surgery across 500km

September 27, 2026
46C48BA0 182A 4F51 9ECF 7795322A056A

Healthy Livestock Can Spread Drug-Resistant Bacteria, Experts Warn

September 27, 2026
images 7 6

CSOs, lawyers demand justice over student’s death in ₦8,000 debt case

September 27, 2026
ADVERTISEMENT
September 2026
SMTWTFS
 12345
6789101112
13141516171819
20212223242526
27282930 
« Aug    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Today’s Popular

  • photo 2026 09 26 06 10 09

    C&S Church announces week-long burial programme for Prophet Alogbo

    0 shares
    Share 0 Tweet 0
  • Prophet Israel Oladele Genesis unveils Luli Prayer Conference 2026, calls for unity

    0 shares
    Share 0 Tweet 0
  • ‘Putting it to the sword’ PDP rejects amended Electoral Act, says APC has murdered democracy

    0 shares
    Share 0 Tweet 0
  • National open university of Nigeria opens landmark centre

    0 shares
    Share 0 Tweet 0

Just Published!

photo 2026 09 27 10 49 58

Nnaji accuses Enugu State government of lawlessness over campaign office raid

September 27, 2026
Tele robot

Nigeria performs remote robotic surgery across 500km

September 27, 2026
46C48BA0 182A 4F51 9ECF 7795322A056A

Healthy Livestock Can Spread Drug-Resistant Bacteria, Experts Warn

September 27, 2026
images 7 6

CSOs, lawyers demand justice over student’s death in ₦8,000 debt case

September 27, 2026
Plateau State map 1790292023

Five miners feared killed in Plateau mining site attack

September 27, 2026
No Result
View All Result
  • About Us
  • Contact
  • Cookie Policy
  • Editorial Charter
  • Corrections Policy
  • Advertisement

© 2026 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2026 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.