{"id":24188,"date":"2026-02-24T14:30:02","date_gmt":"2026-02-24T12:30:02","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/nigeria-central-bank-cuts-key-rate-by-50-basis-points\/"},"modified":"2026-02-27T16:34:54","modified_gmt":"2026-02-27T14:34:54","slug":"nigeria-central-bank-cuts-key-rate-by-50-basis-points","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/nigeria-central-bank-cuts-key-rate-by-50-basis-points\/","title":{"rendered":"Nigeria central bank cuts key rate by 50 basis points \u00a0"},"content":{"rendered":"<p>Nigeria&#8217;s central bank cut its monetary policy rate by 50 basis points to 26.50%, its governor Olayemi Cardoso said this Tuesday.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8220;The committee&#8217;s decision was premised on a balanced evaluation of risks to the outlook, which suggest that the ongoing disinflation trajectory would continue,&#8221; Cardoso told a press conference.<\/p>\n<p>&nbsp;<\/p>\n<p>He said the lagged transmission of previous monetary tightening, sustained exchange rate stability and enhanced food supply were helping bring down inflation.<\/p>\n<p>&nbsp;<\/p>\n<p>Inflation slowed to 15.10% year on year in January, down from 15.15% in December.<\/p>\n<p>&nbsp;<\/p>\n<p>At the central bank&#8217;s last rate-setting meeting in November it maintained its policy rate.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;Reuters&#8211;<\/p>\n","protected":false},"featured_media":24189,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-24188","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Nigeria's central bank cut its monetary policy rate by 50 basis points to 26.50%","published_date":"2026-02-24 15:38:53","news_description":"Nigeria's central bank cut its monetary policy rate by 50 basis points to 26.50%","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/24188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/24188\/revisions"}],"predecessor-version":[{"id":26945,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/24188\/revisions\/26945"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/24189"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=24188"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=24188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}