Nigeria’s Central Bank will hold its landmark 300th monetary policy meeting amid inflation worries and naira instability.
The Central Bank of Nigeria will host its 300th MPC meeting on May 19 and 20, 2025, in Abuja. This milestone session comes amid persistent inflation and exchange rate volatility under Governor Olayemi Cardoso’s reform agenda.
The MPC is expected to decide whether to hold or raise the benchmark rate (27.5%) in response to stubborn inflation and a weakened naira. Cardoso recently reiterated his commitment to orthodox monetary policy, expressing confidence that inflation will ease over time if the current path is maintained.
With April inflation figures expected soon, analysts anticipate a slight drop following March’s fuel- and food-driven spike. The MPC’s decisions will signal the CBN’s economic direction and influence investor sentiment, banking liquidity, and forex market behavior.
The meeting will take place at CBN headquarters, with proceedings beginning at 10:00 a.m. on May 19 and 8:00 a.m. on May 20
Discover more from DiutoCoinNews
Subscribe to get the latest posts sent to your email.
