The Central Bank of Nigeria has again held the Monetary Policy Rate at 27 per cent, marking the fourth pause this year as it prioritises stability amid a slowing but still elevated inflation cycle. With disinflation gaining ground, firmer reserves and a steadier exchange rate, the MPC opted for caution, allowing earlier tightening measures to filter through before considering an easing phase, SAMI TUNJI reports
The Central Bank of Nigeria has maintained its monetary policy rate at 27 per cent, reinforcing a cautious stance amid persistent but moderating inflation. The November 2025 decision by the Monetary Policy Committee came amid signs of disinflation, foreign reserve accretion, and relative exchange rate stability. Yet, the committee opted to hold the rate steady, signalling a preference to watch the lagged effects of previous rate hikes play out entirely rather than rush into an easing cycle.