Nigeria's Central Bank Keeps Key Rate Unchanged at 27.5%

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Nigeria's Central Bank Keeps Key Rate Unchanged at 27.5%

Wednesday, 21 May 2025 11:09

The Central Bank of Nigeria has left its benchmark interest rate unchanged at 27.5% for the second time in a row. The decision was made after a Monetary Policy Committee meeting held on May 19 and May 20, 2025.

According to the committee, “the relative improvements in some key macroeconomic indicators which are expected to support the overall moderation in prices in the near to medium term.”

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