Nigeria holds rates at 27% despite easing inflation
Governor says exit from FATF grey list and outlook upgrade will boost capital inflows
The Central Bank of Nigeria (CBN) has held rates at 27%, despite the continuous slowdown in domestic inflation.
The CBN’s governor, Olayemi Cardoso, announced the decision today (November 25) in a press conference. It came against market expectations – analysts polled by Reuters and Bloomberg had predicted a cut.
Annual headline inflation was 16.05% in October, down from 18.02% the previous month and 33.88% a year ago. The CBN had been holding rates at a high of 27.5% from November 2024 to
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