The Central Bank of Nigeria (CBN) has officially announced a new date for its 299th Monetary Policy Committee (MPC) meeting, shifting it from the initially scheduled February 17 and 18, 2025, to February 19 and 20, 2025. The CBN’s decision resolves ongoing speculations surrounding the original date, which arose due to delays in the National Bureau of Statistics (NBS) release of the rebased Consumer Price Index (CPI).
The statement issued by the CBN confirmed the new meeting dates, putting an end to concerns about potential changes to the MPC’s schedule. This rescheduling comes at a time when economic analysts and financial market stakeholders are closely monitoring the CBN’s next steps, particularly in relation to the Monetary Policy Rate (MPR).
As the revised dates approach, the primary focus will be on the CBN’s stance on the MPR. Market participants are particularly interested in whether the committee will maintain the current rate or implement a hike to address inflationary pressures that continue to challenge the country’s economy.
The MPC meeting is a significant event for Nigeria’s financial outlook, with its decisions on interest rates, inflation control, and broader macroeconomic stability expected to have a profound impact on the nation’s economic trajectory.
Source: DAILY TRUST