CBN announces new date for February MPC meeting

The Central Bank of Nigeria (CBN) has rescheduled its 299th Monetary Policy Committee (MPC) meeting, originally set for February 17–18, 2025.

The meeting will now take place on Wednesday, February 18, and Thursday, February 19, 2025.

The announcement ends speculation over the meeting date, which arose due to delays by the National Bureau of Statistics (NBS) in releasing the rebased Consumer Price Index (CPI). The CPI data is a critical indicator that influences the MPC’s decision-making process on interest rates and inflation control measures.

With the new dates confirmed, economic analysts and investors are closely monitoring the CBN’s next move. The key question remains whether the MPC will maintain the Monetary Policy Rate (MPR) or opt for an increase to curb inflationary pressures.

Investment firms such as Cory Asserts Management Limited and analysts from Financial Derivatives Company Limited anticipate that the MPC will maintain the current interest rate. Their position aligns with recent global and domestic economic trends, as policymakers seek to balance inflation control with economic growth.

The February MPC meeting comes at a critical time for Nigeria’s economy, with inflation concerns and exchange rate volatility remaining top priorities for the central bank. The outcome of the meeting will provide insights into the CBN’s strategy for monetary policy management in the first quarter of 2025.

Market participants and businesses will be watching closely, as any policy shift could have significant implications for lending rates, investment decisions, and overall economic stability.

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