By Onyeanya Ebere Immaculata
The Central Bank of Nigeria (CBN), has announced that its 301st Monetary Policy Committee (MPC), meeting will hold on Monday and Tuesday, July 21 and 22, 2025.
The notice, posted on the CBN’s official website over the weekend, confirmed that the apex bank’s highest decision-making body will meet in Abuja to assess the country’s macroeconomic outlook, with key focus on interest rates, inflation, and monetary stability.
The upcoming session will weigh whether to retain the current monetary policy stance or implement further tightening measures amid ongoing economic challenges.
At its last meeting in May, the committee held the benchmark interest rate at 27.50 percent.
Meanwhile, Nigeria’s inflation rate showed a slight decline, easing to 22.97 percent.
As anticipation builds, some economists, including Dr. Muda Yusuf, CEO of the Centre for the Promotion of Private Enterprise, have called for a rate cut to boost domestic investment and support economic recovery.
