Tag: Nigeria inflation
Finance
CBN Slashes Benchmark Rate to 27% – First Cut Since 2020 Sparks Growth Hope
The Central Bank of Nigeria lowered its benchmark monetary policy rate by 50 basis points to 27% on September 23, 2025, ending a five‑year streak of hikes. The move follows five months of falling inflation and a 4.23% Q2 GDP surge. Adjustments to cash reserve requirements and the standing facilities corridor aim to boost credit flow. Analysts see the cut as a balancing act between price stability and growth, with the naira’s recent strength adding confidence. The decision marks a strategic shift after the rate peaked at 27.5% in late 2024.
