‎The Monetary Policy Committee of the Central Bank of Nigeria has reduced the country’s interest rate to 27.00 per cent for the first time in 2025.

‎The Governor of CBN, Olayemi Cardoso, disclosed this during a press briefing on Tuesday after the 302nd MPC meeting in Abuja.

‎“The Committee decided as follows: (1) reduce the monetary policy rate by 50 basis points to 27 per cent,” he said.

‎This 50 basis points reduction comes after three consecutive pauses in rates.

‎Cardoso noted that the reduction was due to consistent disinflation recorded in the country.

‎DECENCY GLOBAL NEWS observed that there were six consecutive hikes recorded in 2024.

‎More details shortly…

‎

‎