2024-02-27 | CBN/MPC/COM/150/293

Central Bank of Nigeria Communique No.150 of the 293rd Meeting of Monetary Policy Committee held on 27th of February 27, 2024

The Central Bank of Nigeria's Monetary Policy Committee raised the monetary policy rate by 400 basis points to 22.75% to curb rising inflation and stabilize the currency. The decision was influenced by concerns over persistent inflation, exchange rate pressures, and global economic factors. The Committee acknowledged the trade-off between economic growth and inflation control but prioritized price stability for sustainable growth.

Nigeria

Central Bank of Nigeria

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