CBN cuts interest rate to 27%

CBN Headquarters in Abuja Intro / Lead Paragraph Nigeria’s Central Bank has reduced its benchmark interest rate by 50 basis points to 27 per cent, ending a prolonged tightening cycle aimed at curbing inflation. The decision reflects five straight months of disinflation and projections of further declines in inflation through the rest of 2025. Main Article The Central Bank of Nigeria (CBN) on Tuesday lowered its Monetary Policy Rate (MPR) … Continue reading CBN cuts interest rate to 27%