The 304th Monetary Policy Committee (MPC) meeting dates have been released by the Central Bank of Nigeria (CBN) at a time when the country’s inflation rate has sharply decreased, falling from 34.8% in December 2024 to 15.15% last December. This has been ascribed to the Central Bank of Nigeria’s (CBN) monetary policy easing and the successful completion of important reforms.Analysts claim that the reforms improved exchange rate stability, foreign reserves’ increase to $46.8 billion, and FX stability. Many stakeholders anticipate that when the MPC meets on February 23 and 24, the apex bank-led monetary policy committee would continue to place a high priority on macroeconomic stability, which would boost foreign exchange inflows, accelerate disinflation to single digits, and support a stronger naira.
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