Thursday, July 17, 2025 (Africa/Lagos).
Popular economist Bismarck Rewane, CEO of Financial Derivatives Company (FDC), says the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) is likely to cut the Monetary Policy Rate (MPR) by 25 basis points at its next meeting as moderating domestic inflation and a relatively stable naira create room for a modest easing. He stated this during a Channels Television Business Morning appearance on Thursday.
Rewane argued that while global inflation pressures have ticked higher, Nigeria’s headline inflation has been trending lower, strengthening the case for a cautious rate trim. “My instincts and intuition tell me there will be a 25bps cut,” he said, adding that the shift would not undermine the currency given current policy discipline.
NAIJABLOGDAILY.COM
Fresh data from the National Bureau of Statistics (NBS) show headline inflation slowed to 22.22% year-on-year in June 2025 from 22.97% in May, marking a third consecutive monthly decline after the CPI rebasing earlier in the year. Food inflation printed 21.97% y/y.
The CBN has scheduled its 301st MPC meeting for Monday–Tuesday, July 21–22, 2025, in Abuja, where members will review price stability, growth signals, and financial conditions before deciding on the policy rate.
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At the May 2025 MPC, the Committee held the benchmark MPR at 27.50%, citing caution amid disinflation that was still fragile and risks to exchange-rate stability. Analysts remain split ahead of the July sitting: some expect a hold; others, including Rewane, see room for a light 25bps cut if the CBN is satisfied that inflation momentum is cooling.
Market watchers note the naira has recently traded near ₦1,530 per US dollar, reflecting relative FX stability. The CBN will weigh when balancing inflation control with growth and credit costs.
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