Rate cut positive for markets, analysts say
In a surprise move on Tuesday, the CBN, at the end of its rate-setting meeting, pared down the benchmark rate to 23 per cent from 26.5 per cent, a push Olayemi Cardoso, the bank’s governor, called “an operational reset” to improve the effectiveness of monetary policy and aid the shift to an inflation-targeting framework. The post Rate cut positive for markets, analysts say appeared first on Premium Times Nigeria .
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In a surprise move on Tuesday, the CBN, at the end of its rate-setting meeting, pared down the benchmark rate to 23 per cent from 26.5 per cent, a push Olayemi Cardoso, the bank’s governor, called “an operational reset” to improve the effectiveness of monetary policy and aid the shift to an inflation-targeting framework.
The post Rate cut positive for markets, analysts say appeared first on Premium Times Nigeria.
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About this article
- Length
- 70 words · 1 min read
- Published
- September 23, 2026
- Byline
- Ronald Adamolekun
- Source
- Premium Times