Central Bank of Nigeria’s Monetary Policy Committee MPC has announced a reduction in the country’s interest rate to 27percent for the first time in 2025.
CBN Governor Olayemi Cardoso made the disclosure during a press briefing today Tuesday, following the 302nd MPC meeting in Abuja. He explained, “The Committee decided to reduce the monetary policy rate by 50 basis points to 27 per cent.”
Cardoso also attributed the decision to the ongoing disinflation trend in Nigeria.
Leave a Reply