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Nigeria’s Monetary Policy Committee (MPC) is expected to maintain the 27.50% interest rate as inflation shows signs of easing. The decision is aimed at supporting naira stability amid global uncertainties and recent drops in food and core inflation.

  • April headline inflation dropped to 23.71% from March’s 24.23%, with food and core inflation also easing.
  • Analysts from major financial firms expect the MPC to adopt a wait-and-see approach by retaining the current MPR.
  • Global economic instability and a gradually weakening naira remain key considerations in policy deliberations.

Experts believe that caution is essential. “Despite some relief in inflation data, premature policy loosening could undo progress,” said an economist at Cordros Capital. Others argue a small cut might encourage growth if inflation keeps cooling.

With inflation declining but external pressures mounting, will the MPC’s steady stance build investor confidence—or will bolder moves be needed to stimulate growth?