Nigeria’s Central Bank holds rates thrice in a row
- Olayemi Cardoso maintained borrowing costs at 27.50% during the third interest rate meeting.
- The Central Bank's decision was influenced by a recent easing in consumer prices.
- Nigeria's inflation rate has cooled to 22.22% for the third consecutive month.
The decision to maintain interest rates suggests a prudent approach by the Central Bank, balancing the need for economic stability with the ongoing inflationary pressures. However, the potential for future easing could indicate a shift in monetary policy if disinflation trends persist, which warrants close monitoring.
