Central Bank of Nigeria MPC Retains Policy Rate Amid Calls for Cut

In November 2025, the Central Bank of Nigeria's Monetary Policy Committee (MPC) decided to maintain the monetary policy rate at 27%, rejecting a proposal by five members for a 50bps rate cut. The dissenting members cited sustained disinflation, improved external buffers, and resilient economic growth as reasons for the cut.

Despite recent macroeconomic improvements, the MPC opted for caution due to ongoing inflation risks. The decision aimed to balance supporting economic recovery without compromising price stability, especially in key sectors like agriculture and manufacturing.