The final sitting of the Central Bank of Nigeria’s Monetary Policy Committee (MPC) for the year 2025, is in progress in Abuja, with analysts projecting a possible reduction in the benchmark interest rate after months of tight monetary stance.
The meeting, chaired by CBN Governor, Olayemi Cardoso, comes at a time when inflation has slowed for the fourth consecutive month, while the real sector continues to demand cheaper credit to stimulate production.
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Global apex banks, including the US Federal Reserve and Bank of England, have also signaled a gradual easing path, raising expectations that the CBN may soften its monetary tightening.
But some policy watchers argue that the Bank may adopt a cautious approach to avoid renewed pressure on the Naira.
The MPC is expected to announce its decision later today.
(Editor: Ken Eseni)
