Expectations are growing around a potential 25 basis point cut in interest rates, as the Central Bank of Nigeria prepares for the third meeting of its Policy Committee expectations are growing around a potential 25 basis point cut in interest rates.

Economic analysts and stakeholders are closely following inflation trends and GDP growth figures, which are likely to influence the next major monetary decision of the Banque centrale du Nigeria ( CBN). New data released by the National Bureau of Statistics shows that the inflation rate in Nigeria fell for the third month in a row, reaching 22.22%. Despite this downward trend, analysts remain cautious. Core inflation remains stable and price pressures persist in the food and energy sectors due to security threats in key agricultural areas and weather-related disruptions, such as floods.

The upcoming decision of the Monetary Policy Committee, scheduled for today and tomorrow in July, will be decisive for the country's economic orientation in the second half of the year. Interest rates currently stand at 27.50%