The Central Bank of Nigeria (CBN) has scheduled its 301st Monetary Policy Committee (MPC) meeting for Monday and Tuesday, July 21 and 22, 2025.
This was disclosed in an official notice published on the apex bank’s website over the weekend.
The two-day meeting, which will take place in Abuja, is expected to set the tone for the country’s monetary direction, especially regarding interest rates and inflation control strategies.
As the highest decision-making body on monetary matters within the CBN, the MPC will weigh recent economic indicators to decide whether to maintain its current policy stance or introduce new measures to manage inflationary pressures.
The meeting comes on the heels of a notable dip in Nigeria’s inflation rate, which eased to 22.97% in May, marking a slight but encouraging decline. At its last meeting the 300th in the series the committee, under the leadership of CBN Governor Olayemi Cardoso, voted to hold the Monetary Policy Rate steady at 27.50%, citing the inflation trend.
While the central bank has so far maintained a tight monetary policy to combat inflation, some economists believe the time may be right to ease borrowing costs to stimulate economic activity.
The upcoming MPC meeting will be closely watched by investors, financial institutions, and business leaders eager to see how the CBN balances inflation control with the need to boost economic expansion in Africa’s largest economy.
