The Economist Intelligence Unit, EIU, expects the Monetary Policy Rate, MPR, to fall to 12.5 percent in 2026 and remain there throughout the remainder of the forecast period, if inflation drops.
In its latest report on Nigeria, the EIU expects the CBN to begin unwinding its tight stance, with rate cuts beginning early in that year, despite inflation remaining above the ceiling of the CBN’s 6 to 9 percent target range.
READ ALSO:Â Sammy Flex Defends Shatta Wale’s Performance At 13th Africa Games Opening Ceremony
The Monetary Policy Committee, MPC, meeting, which held on February 26 and 27, 2024, raised the MPR by 400 basis points to 22.75 from 18.75 per cent.
Leave feedback about this
You must be logged in to post a comment.