CBN Retains Interest Rate at 27% Amid Easing Inflation in Nigeria
The Central Bank of Nigeria (CBN) has decided to maintain its monetary policy rate (MPR) at 27% during its 303rd meeting, led by CBN Governor Olayemi Cardoso in Abuja. This decision reflects the committee's commitment to closely monitor the evolving economic conditions and take necessary actions.
Nigeria's annual inflation has decreased to 16.05% in October 2025, the lowest since March 2022, boosting confidence in price stability. The CBN has been implementing aggressive tightening measures since February 2023 to combat inflation, raising the MPR cumulatively by 1,000 basis points.
This move indicates a gradual shift towards a balanced monetary stance to support economic recovery.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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