{"version":"1","article":{"id":"nigeria-cbn-cuts-policy-rate-to-23-percent-september-2026","slug":"nigeria-cbn-cuts-policy-rate-to-23-percent-september-2026","language":"en","url":"https://haberpaper.com/en/news/nigeria-cbn-cuts-policy-rate-to-23-percent-september-2026","api_url":"https://haberpaper.com/api/v1/articles/nigeria-cbn-cuts-policy-rate-to-23-percent-september-2026?lang=en","title":"Nigeria’s central bank cuts policy rate to 23%","summary":"The Central Bank of Nigeria’s Monetary Policy Committee cut its policy rate from 26.5% to 23% at its 307th meeting on 21–22 September. The central bank’s decisions page records the new rate as announced on 22 September.","category":"finance","region":"world","topics":["inflation"],"published_at":"2026-10-10T18:32:52+03:00","modified_at":"2026-10-10T18:32:52+03:00","publication_basis":"publication-record","event_period":"2026-09-22","event_period_basis":"event-or-reference-period","sources":[{"name":"Central Bank of Nigeria","url":"https://www.cbn.gov.ng/MonetaryPolicy/decisions.html","publishedAt":"2026-09-22","checkedAt":"2026-10-10"}],"translations":[{"language":"tr","url":"https://haberpaper.com/tr/news/nigeria-cbn-cuts-policy-rate-to-23-percent-september-2026","api_url":"https://haberpaper.com/api/v1/articles/nigeria-cbn-cuts-policy-rate-to-23-percent-september-2026?lang=tr"},{"language":"en","url":"https://haberpaper.com/en/news/nigeria-cbn-cuts-policy-rate-to-23-percent-september-2026","api_url":"https://haberpaper.com/api/v1/articles/nigeria-cbn-cuts-policy-rate-to-23-percent-september-2026?lang=en"},{"language":"ar","url":"https://haberpaper.com/ar/news/nigeria-cbn-cuts-policy-rate-to-23-percent-september-2026","api_url":"https://haberpaper.com/api/v1/articles/nigeria-cbn-cuts-policy-rate-to-23-percent-september-2026?lang=ar"},{"language":"fr","url":"https://haberpaper.com/fr/news/nigeria-cbn-cuts-policy-rate-to-23-percent-september-2026","api_url":"https://haberpaper.com/api/v1/articles/nigeria-cbn-cuts-policy-rate-to-23-percent-september-2026?lang=fr"},{"language":"es","url":"https://haberpaper.com/es/news/nigeria-cbn-cuts-policy-rate-to-23-percent-september-2026","api_url":"https://haberpaper.com/api/v1/articles/nigeria-cbn-cuts-policy-rate-to-23-percent-september-2026?lang=es"}],"data_types":[],"data":null,"data_compilations":[],"data_downloads":[],"content":{"paragraphs":["The committee also reset the standing facilities corridor to +50/-300 basis points around the policy rate. It kept cash reserve requirements at 45% for deposit money banks, 16% for merchant banks and 75% for public-sector deposits outside the Treasury Single Account.","The decision record lists the changes but its short summary does not contain the full rationale. A rate cut by itself does not guarantee a particular effect on credit, inflation or the exchange rate; outcomes depend on monetary transmission and other conditions."],"key_points":[],"sections":[]},"text":"The Central Bank of Nigeria’s Monetary Policy Committee cut its policy rate from 26.5% to 23% at its 307th meeting on 21–22 September. The central bank’s decisions page records the new rate as announced on 22 September.\n\nThe committee also reset the standing facilities corridor to +50/-300 basis points around the policy rate. It kept cash reserve requirements at 45% for deposit money banks, 16% for merchant banks and 75% for public-sector deposits outside the Treasury Single Account.\n\nThe decision record lists the changes but its short summary does not contain the full rationale. A rate cut by itself does not guarantee a particular effect on credit, inflation or the exchange rate; outcomes depend on monetary transmission and other conditions.","corrections":[],"editorial_illustration":{"kind":"symbolic-editorial-illustration","documentary":false,"scope":"section","asset_id":"finance","url":"https://haberpaper.com/assets/illustrations/finance-1536.webp","width":1536,"height":1024,"alt":"Symbolic financial system with a vault door, columns and unmarked coins.","language":"en"},"section_illustration":{"kind":"symbolic-editorial-illustration","documentary":false,"scope":"section","asset_id":"finance","url":"https://haberpaper.com/assets/illustrations/finance-1536.webp","width":1536,"height":1024,"alt":"Symbolic financial system with a vault door, columns and unmarked coins.","language":"en"}}}