Analysts support the Monetary Policy Committee's decision to reduce the rate by 50 basis points, viewing it as a credibility signal.
Analysts have expressed their support for the Monetary Policy Committee (MPC) of the Central Bank of Nigeria's recent decision to lower the monetary policy rate by 50 basis points to 26.5 percent. This reduction, following the MPC's first meeting of 2026, has been interpreted as a strategic move aimed at enhancing the credibility of the Central Bank rather than indicating an immediate shift towards a more aggressive easing of monetary policy. Stakeholders believe this measure reflects a cautious approach to managing Nigeria's economic environment.
