Nigeria, Feb. 27 -- The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) from 27 percent to 26.5 percent, following a sustained decline in Nigeria's inflation rate to 15.10 percent in February 2026.

The decision was announced on Tuesday by the CBN Governor, Olayemi Cardoso, at the end of the committee's 304th meeting held in Abuja.

Cardoso disclosed that members of the committee unanimously voted to cut the benchmark interest rate by 50 basis points, describing the move as part of efforts to consolidate the country's disinflation trend.

The MPR, which serves as the baseline interest rate in the economy and influences lending rates across the banking sector, now stands at it...