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CBN monetary Policy Committee reduces rate by 50 basis points in Abuja.
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CBN Governor says consistent disinflation influenced latest decision.
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Move follows six consecutive hikes in 2024 and three pauses in 2025.
The Central Bank of Nigeria (CBN) has cut the country’s monetary policy rate to 27.00 per cent, marking the first reduction in 2025 after months of policy tightening.
Governor Olayemi Cardoso announced the decision on Tuesday in Abuja, following the 302nd meeting of the Monetary Policy Committee (MPC).
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“The Committee decided as follows: (1) reduce the monetary policy rate by 50 basis points to 27 per cent,” Mr Cardoso told journalists at a press briefing.
The adjustment ends a run of three consecutive pauses in 2025. It also comes on the back of six consecutive interest rate hikes recorded in 2024 as part of efforts to curb inflation.
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According to the CBN governor, the latest move reflects “consistent disinflation” in the economy, although further details are expected on how the cut may affect lending rates, credit flows, and overall growth.
The MPC’s shift marks a cautious policy recalibration after months of monetary tightening that drew mixed reactions from economists, businesses, and households struggling under high borrowing costs.
