Prior to the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) meeting, analysts and financial experts forecast that rates will remain unchanged as the authorities work to stabilize the macroeconomy.
The MPC meeting is anticipated to take place between today (May 19th) and the 20th, marking the second meeting of the year to assess the monetary and credit policy
During the meeting in November 2024, the MPC members unanimously voted to increase the benchmark interest rate by 25 basis points to 27.50% from 27.25%.
However, in February, during the first meeting of the year, the MPC decided to hold all key rates by retaining the MPR at 27.5%
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