CBN Cuts Interest Rate to 27% Amid Signs of Easing Inflation.

The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has reduced the benchmark interest rate from 27.5 percent to 27 percent, its first cut after months of tightening.

CBN Governor Olayemi Cardoso said that the decision was driven by sustained disinflation and projections of easing inflation for the rest of 2025, while other measures, such as raising the Cash Reserve Requirement for commercial banks to 45 percent, were introduced to tighten liquidity.

With the next MPC meeting fixed for November 22nd, stakeholders have said that the committee’s ability to sustain price stability while supporting growth will be closely watched in the months ahead.