The Central Bank of Nigeria (CBN) will hold its 301st Monetary Policy Committee (MPC) meeting on July 21 and 22, 2025, at its headquarters in Abuja to decide the country’s next move on interest rates and broader monetary policy.
The meeting will begin at 10:00 a.m. on the first day, with deliberations continuing through July 22. Governor Olayemi Cardoso is expected to announce the committee’s decisions at the close of the session.
The two-day meeting comes at a critical time, as policymakers weigh Nigeria’s inflation trends, exchange rate stability, and global economic pressures. The financial market will be watching closely for any adjustments to the Monetary Policy Rate (MPR), which currently stands at 27.5%.
At the last MPC session in May, the committee opted to retain key policy rates, including the MPR, Cash Reserve Ratio, and Liquidity Ratio. All 12 members had voted unanimously to maintain the existing rates, citing the need to observe the impact of earlier policy moves before considering new adjustments.
The upcoming meeting is expected to provide clarity on the central bank’s direction in managing inflation and supporting economic growth.
