{
  "id": 6254795,
  "title": "MPC Members: Why Apex Bank must consolidate macroeconomic gains",
  "url": "https://urgent.news/2026/09/08/mpc-members-why-apex-bank-must-consolidate-macroeconomic-gains",
  "topic": "world",
  "section": "World",
  "published": "2026-09-08T06:28:15.000Z",
  "source": {
    "name": "Daily Trust",
    "slug": "daily-trust",
    "url": "https://dailytrust.com/mpc-members-why-apex-bank-must-consolidate-macroeconomic-gains/"
  },
  "original_language": "en",
  "account": "The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) unanimously decided to retain the Monetary Policy Rate (MPR) at 26.5 percent in their 306th meeting, keeping other monetary policy parameters unchanged. This decision came after a careful assessment of the risks and conditions in the economy, according to CBN Governor, Olayemi Cardoso. Despite a slight moderation in headline inflation, the committee deemed a cautious approach necessary due to global uncertainties, primarily caused by renewed hostilities in the Middle East.\n\nThe MPC's decision to maintain all monetary policy parameters aims to consolidate the gains achieved in restoring macroeconomic stability, which the CBN has been working hard to achieve. The recent moderation in inflation, the strong external reserves of $54.08 billion, and the resilience of the domestic economy have all contributed to this decision. Moreover, the International Monetary Fund (IMF) has retained Nigeria's growth forecast at 4.1 percent for 2026 and 4.3 percent for 2027, providing further confidence in the country's economic trajectory.\n\nChairman Aloysius Uche Ordu emphasized that while headline inflation has eased marginally and the external buffers are strong, food inflation remains a concern and that global uncertainty could quickly reverse recent gains. He stressed that a premature easing of policy could undermine the credibility of the disinflation process, while further tightening could be disproportionate given the recent moderation in inflation, improved reserves, and the need to avoid placing undue pressure on productive economic activity. Therefore, the MPC has decided to hold the current policy stance, providing a balanced approach that will continue to anchor liquidity, reinforce price and financial stability, and preserve the flexibility to respond to evolving shocks.",
  "summary": "The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) at the 306th meeting unanimously voted to retain the Monetary Policy Rate at 26.5 per cent just as other parameters were retained. The Standing Facilities Corridor was also retained around the MPR at +50/-450 basis points while it also retained the Cash Reserve […]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}