CBN announces rescheduled February 2025 MPC meeting

The Central Bank of Nigeria (CBN) has announced a new date for the 299th meeting of its Monetary Policy Committee (MPC), shifting it from the initially scheduled February 17 and 18, 2025, to February 19 and 20, 2025.

In a statement on Monday, the apex bank noted that its decision puts to rest speculations surrounding the meeting date, which had emerged due to delays by the National Bureau of Statistics (NBS) in releasing the rebased Consumer Price Index (CPI).

The statement read, “The Central Bank of Nigeria (CBN) has announced that the 299th meeting of its Monetary Policy Committee (MPC) earlier scheduled for February 17 and 18, 2025, will now be held on Wednesday, February 19 and Thursday, February 20, 2025.”

It noted that with a confirmed date now set, economic analysts and financial market stakeholders are turning their attention to the CBN’s next move on the Monetary Policy Rate (MPR).

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Given the current economic trends, the key question remains whether the committee will maintain the rate or opt for a hike to curb inflationary pressures.

The MPC meeting remains a critical event for Nigeria’s economic outlook, influencing decisions on interest rates, inflation control and broader macroeconomic stability.