The Central Bank of Nigeria's Monetary Policy Committee voted unanimously to hold the monetary policy rate at 27.50% at its 21–22 July 2025 meeting, a third consecutive hold, as headline inflation eased for a third consecutive month.
Headline inflation in Nigeria declined to 22.22% on an annual basis in June 2025.
The committee did not commit to a specific timeline for any future rate reduction.
Bank news that matters, every weekday.
Follow The Global Banker on LinkedIn