Analyst Predicts CBN May Cut Rates by 100bps, Impacting Nigeria's Economy and Global Markets
Analyst Lukman Otunuga forecasts a potential 100 basis points rate cut by the Central Bank of Nigeria (CBN) to support economic growth amid easing inflation. Nigeria's annual inflation slowed to 16.05% in October 2025, providing room for a rate reduction.
The upcoming CBN Monetary Policy Committee meeting on Monday and Tuesday will shed light on this decision. Global market sentiments are influenced by talks involving the US, Ukraine, and Russia, impacting currencies like GBPUSD.
Otunuga also notes concerns about the UK's fiscal deficit and potential US rate cuts. Additionally, Bitcoin faces pressure despite recent price rebounds.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
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