CPPE welcomes CBN’s decision to keep the interest rate at 26.50%, citing benefits for businesses.

The Centre for the Promotion of Private Enterprise (CPPE) has issued a statement in response to the Central Bank of Nigeria’s (CBN) decision to keep the Monetary Policy Rate at 26.50 percent.

CPPE’s chief executive officer described the Monetary Policy Committee’s (MPC) choice to hold interest rates as a pragmatic move that benefits Nigerian businesses.

According to the Daily Post, CBN Governor Olayemi Cardoso announced the MPC’s decision at its 305th meeting, confirming the rate would remain at 26.50 percent.

CPPE said the move reflects the CBN’s growing sophistication in understanding the inflation dynamics currently affecting the Nigerian economy.

In its statement, the think‑tank added:

The MPC’s decision will send a strong signal of policy maturity, strategic restraint, and confidence in macroeconomic management amid heightened global uncertainty and rising geopolitical tensions.

“The decision to hold rates therefore demonstrates a commendable recognition that excessive tightening at this stage could suffocate productivity, weaken industrial recovery, constrain investment appetite, and undermine employment generation,” CPPE said.

“Economies do not grow on the strength of high interest rates; they grow on the strength of productivity, enterprise, investment confidence, and policy coherence,” the organisation added.