CBN MPC meets as Nigeria's weekly liquidity inflows projected to fall 30.6% to N2.47T
FMDA projects Nigeria's weekly financial-system liquidity inflows to fall 30.6% to N2.47 trillion this week as the CBN's Monetary Policy Committee begins its two-day meeting (Sept 21-22, 2026) for its 307th session. The sharp decline is driven by plummeting OMO maturities (down 25.8% to N2.27 trillion, accounting for 91.8% of inflow) and crashing T-bill maturities (down 93.8% to just N28.04 billion), though FGN bond coupons surged 320.2% to N166.62 billion—the lone bright spot.
Despite this week's projected drop, system liquidity actually improved 15.97% over the past week to N2.86 trillion as inflows exceeded initial projections. Analysts widely expect the MPC to hold the Monetary Policy Rate at 26.5%, citing persistent inflation risks from crude oil above $100/bbl and election-related liquidity concerns, though FMDA sees no need for further tightening given strong Q2 GDP growth (4.43%), expanding PMI, and reserves at 18-year highs.
With liquidity volatile but rates likely steady, should you secure loans now at current rates or wait for potential policy shifts after the MPC decision?