CBN projects further inflation decline as reforms deepen

By Chinwendu Obienyi
The Central Bank of Nigeria (CBN) has once again expressed optimism that inflation will return to a downward path in the near to medium term, as ongoing reforms, tighter monetary policy measures, exchange rate stability and improved macroeconomic conditions continue to support the economy.
This was disclosed in its Frequently Asked Questions (FAQs) on the Monetary Policy Committee (MPC) meeting held on May 19–20, 2026, where the committee retained all major policy parameters, including the Monetary Policy Rate (MPR) at 26.5 per cent. The MPC also maintained the Cash Reserve Ratio (CRR) at 45 per cent for Deposit Money Banks and 16 per cent for Merchant Banks, wh...