The Central Bank of Nigeria (CBN) has scheduled its 301st Monetary Policy Committee (MPC) meeting for Monday and Tuesday, July 21 and 22, 2025.

The apex bank disclosed this via an official notice posted on its website over the weekend. The high-level meeting will be held in Abuja, where the committee is expected to review and make key decisions on Nigeria’s interest rates, inflation trends, and other core monetary policy strategies.

Interest Rate Decision Looms

This upcoming meeting is highly anticipated as the Cardoso-led CBN will determine whether to maintain the current Monetary Policy Rate (MPR) at 27.50%, continue the pause on interest rate hikes, or adopt further tightening measures to curb inflation.

In its 300th MPC meeting, the CBN decided to retain the benchmark interest rate at 27.50% following a slight drop in Nigeria’s inflation rate, which fell to 22.97% in May 2025.

Economists Urge Rate Cut

Several financial experts, including Dr. Muda Yusuf, CEO of the Centre for the Promotion of Private Enterprise (CPPE), have advised the CBN to consider reducing interest rates to stimulate economic growth and ease the burden on businesses and borrowers.

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As Nigeria grapples with economic challenges and cost-of-living pressures, the outcome of this meeting could have a significant impact on businesses, investors, and consumers nationwide.

📌 Stay tuned to Naija Blog Daily for live updates on the July MPC outcome and what it means for your money, loans, and the broader Nigerian economy.

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