The Central Bank of Nigeria (CBN) has rescheduled the 299th meeting of its Monetary Policy Committee (MPC).
The apex bank shifted the meeting which was initially scheduled for February 17 and 18 to February 18 and 19.
The CBN announced the change in a statement on Monday.
The statement read: “The Central Bank of Nigeria (CBN) has announced that the 299th meeting of its Monetary Policy Committee (MPC) earlier scheduled for February 17 and 18, 2025, will now be held on Wednesday, February 18 and Thursday, February 19, 2025.”
With the meeting date now confirmed, economic analysts and financial market stakeholders are turning their attention to the CBN’s next move on the Monetary Policy Rate (MPR).
Given the current economic trends, the key question remains whether the committee will maintain the interest rate or opt for an increase to curb inflationary pressures.
The MPC meeting remains a critical event for Nigeria’s economic outlook, influencing decisions on interest rates, inflation control, and broader macroeconomic stability.
By: Babajide Okeowo