{"id":34960,"date":"2026-05-20T16:15:39","date_gmt":"2026-05-20T14:15:39","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=34960"},"modified":"2026-05-20T16:15:39","modified_gmt":"2026-05-20T14:15:39","slug":"nigerias-central-bank-maintains-key-rate","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/nigerias-central-bank-maintains-key-rate\/","title":{"rendered":"Nigeria&#8217;s central bank maintains key rate"},"content":{"rendered":"<p>Nigeria&#8217;s central bank \u200ckept its key lending rate unchanged at 26.50% this Wednesday, \u200bwith Governor Olayemi Cardoso \u200bsaying a cautious and vigilant \u2060stance was needed to \u200banchor inflation expectations and safeguard \u200bmacroeconomic stability.<\/p>\n<p>Most economists polled by Reuters had predicted the Central Bank of \u200bNigeria would leave the \u200brate unchanged.<\/p>\n<p>The decision follows an interest \u200crate \u2060cut at the central bank&#8217;s last policy meeting in February, when it lowered its key \u200brate by \u200b50 \u2060basis points.<\/p>\n<p>Headline inflation edged up for the second \u200bmonth running in April, \u200bas \u2060the United States-Israeli war against Iran pushed up domestic fuel \u2060prices, \u200bwhich fed through \u200binto food costs.<\/p>\n<p>&#8211;Reuters&#8211;<\/p>\n","protected":false},"featured_media":20726,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-34960","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Most economists polled by Reuters had predicted the Central Bank of \u200bNigeria would leave the \u200brate unchanged.","published_date":"","news_description":"Most economists polled by Reuters had predicted the Central Bank of \u200bNigeria would leave the \u200brate unchanged.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/34960","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\/34960\/revisions"}],"predecessor-version":[{"id":34961,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/34960\/revisions\/34961"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/20726"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=34960"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=34960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}