Central Bank holds key rate at 27.5%, signals tight stance

The Central Bank of Nigeria left the Monetary Policy Rate unchanged at 27.5%, citing the need to consolidate disinflation and guard against emerging risks. Governor Olayemi Cardoso reiterated a medium‑term goal of single‑digit inflation, while businesses urged complementary fiscal measures to ease cost pressures.

Source: https://www.reuters.com/world/africa/nigerias-central-bank-pledges-keep-policy-tight-it-holds-key-rate-again-2025-07-22/