CBN retains Nigeria’s interest rate at 27.50% amid inflation drops
decided to keep the country’s interest rate at 27.50% in January 2025. This is the same rate set in November 2024, even as inflation has started to decrease. CBN Governor, Olayemi Cardoso, made this announcement after the 299th Monetary Policy Committee (MPC) meeting in Abuja. He explained that the committee chose to maintain the rate […]