[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Nigerian NewsDirect [@NigNewsDirect](/creator/twitter/NigNewsDirect) on x 7981 followers Created: 2025-07-18 12:32:26 UTC Analysts are predicting that the Central Bank of Nigeria (CBN) may soon begin cutting interest rates, following a sustained decline in inflation and growing stability in the foreign exchange market. Experts at FBNQUEST Merchant Bank suggest the Monetary Policy Committee (MPC), led by CBN Governor Olayemi Cardoso, could initiate a rate reduction of between XX to XX basis points when it convenes next week. The anticipated move comes after the apex bank held interest rates steady at its last two meetings, having earlier raised rates aggressively in 2024 to curb inflation and stabilise the naira. Nigeria’s benchmark interest rate, the Monetary Policy Rate (MPR), currently stands at XXXX percent, following a cumulative hike of XXX basis points last year the highest level on record. However, recent economic indicators point to a softening inflationary trend. The National Bureau of Statistics (NBS) reported that headline inflation slowed for the third consecutive month in June, falling to XXXXX percent year-on-year from XXXXX percent in May the lowest reading since April 2023. This moderation has been supported by a relatively stable naira, reduced energy costs, and favourable base effects. On a monthly basis, however, inflation accelerated slightly to XXXX percent in June from XXXX percent in May, indicating lingering inflationary pressure in the economy. More Details: #nigeriannewsdirect #newsdirect #newspaper #nigeriannewspaper #inflation #economy  XX engagements  **Related Topics** [mpc](/topic/mpc) [forex](/topic/forex) [inflation](/topic/inflation) [rates](/topic/rates) [nigeria](/topic/nigeria) [bank of](/topic/bank-of) [Post Link](https://x.com/NigNewsDirect/status/1946186299649528040)
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Nigerian NewsDirect @NigNewsDirect on x 7981 followers
Created: 2025-07-18 12:32:26 UTC
Analysts are predicting that the Central Bank of Nigeria (CBN) may soon begin cutting interest rates, following a sustained decline in inflation and growing stability in the foreign exchange market.
Experts at FBNQUEST Merchant Bank suggest the Monetary Policy Committee (MPC), led by CBN Governor Olayemi Cardoso, could initiate a rate reduction of between XX to XX basis points when it convenes next week. The anticipated move comes after the apex bank held interest rates steady at its last two meetings, having earlier raised rates aggressively in 2024 to curb inflation and stabilise the naira.
Nigeria’s benchmark interest rate, the Monetary Policy Rate (MPR), currently stands at XXXX percent, following a cumulative hike of XXX basis points last year the highest level on record.
However, recent economic indicators point to a softening inflationary trend. The National Bureau of Statistics (NBS) reported that headline inflation slowed for the third consecutive month in June, falling to XXXXX percent year-on-year from XXXXX percent in May the lowest reading since April 2023.
This moderation has been supported by a relatively stable naira, reduced energy costs, and favourable base effects. On a monthly basis, however, inflation accelerated slightly to XXXX percent in June from XXXX percent in May, indicating lingering inflationary pressure in the economy.
More Details:
#nigeriannewsdirect #newsdirect #newspaper #nigeriannewspaper #inflation #economy
XX engagements
