The Digest:
The Central Bank of Nigeria (CBN) has announced the date for the 301st Monetary Policy Committee (MPC) meeting, set for July 21-22, 2025. The meeting will focus on Nigeria’s interest rate, inflation, and possible monetary policy adjustments, following a recent drop in inflation to 22.97%.
Key Points:
- The CBN will hold its 301st MPC meeting on July 21-22, 2025, in Abuja.
- The meeting will address the country’s interest rate and inflation, with the possibility of tightening or maintaining current monetary policies.
- Nigeria’s inflation rate decreased to 22.97% in May 2025.
- During the 300th MPC meeting, CBN decided to maintain the interest rate at 27.50% following the drop in inflation.
- Dr. Muda Yusuf, CEO of the Centre for the Promotion of Private Enterprise, has called for a reduction in Nigeria’s interest rate.
As inflation continues to show signs of easing, the upcoming MPC meeting is crucial in determining whether the CBN will opt to reduce interest rates or maintain the current policy stance. The decision will have significant implications for Nigeria’s economic recovery and financial stability.
Sources: Daily Post
