The Central Bank of Nigeria’s Monetary Policy Committee (MPC) has reduced the benchmark interest rate by 50 basis points, lowering it from 27.5 percent in July to 27 percent.
The decision was reached at the Committee’s 302nd meeting held on September 22 and 23, 2025, following a vote by its 12 members.
Briefing journalists after the meeting, CBN Governor Olayemi Cardoso explained that the move was informed by sustained disinflation recorded over the past five months, as well as projections of a continued decline in inflation for the remainder of 2025.
Cardoso added that the rate cut was also intended to support economic growth while consolidating recent gains in price stability.
