CBN Projects Single-Digit Inflation in New Policy Roadmap

The Central Bank of Nigeria (CBN) has unveiled an ambitious monetary policy agenda for the remainder of 2026, targeting a return to single-digit inflation and sustained exchange rate stability. Governor Olayemi Cardoso stated that the "next phase" of the bank's strategy involves anchoring inflation on a downward trajectory through disciplined coordination with fiscal authorities.

Recent reports from the Financial Markets Dealers Association (FMDA) suggest a significant liquidity boost in May 2026, with over ₦10.5 trillion expected to flow into the financial system from maturing Treasury bills and bonds. While the government targets a GDP growth rate of approximately 7% to lift millions out of poverty, the Finance Ministry acknowledged the ongoing challenge of balancing high interest rates used to curb inflation with the need for affordable credit to support business expansion.

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