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Find all the economic and financial information on our Orishas Direct application to download on Play StoreAfter three consecutive breaks, the Monetary Policy Committee
of the Central Bank of Nigeria has reduced the reference interest rate of
country to 27.00%, the first drop in 2025, signaling a change in
policy towards supporting economic recovery.
Arial"> At a press briefing on Tuesday in Abuja after the 302nd meeting of committee, mso-bidi-font-family:arial">Olayemi Cardoso, said that the committee of the CBN monetary policy reduced the interest rate by country reference to 27.00%. The governor From the CBN reported that all 12 members voted in favor of a reduction of 50 basis points by 27.5%. Arial">
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The MPC noted that headline inflation slowed to 20.12% in August from 21.88% in July. Food price inflation fell to 21.87%, from 22.74%, while that core inflation fell to 20.33% from 21.33%. On a base Monthly, inflation fell sharply to 0.74% in August, from 1.99% in July.
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