Parrot Reporters
No Result
View All Result
  • Home
  • Top Stories
  • News
  • Politics
  • Business
  • Economy
  • World News
  • Diaspora
  • Other Features
    • Crime
    • Entertainment
    • Tourism
    • Interviews
    • Editorials
    • Opinion
Parrot Reporters

BREAKING: CBN’s Monetary Policy Committee Slashes Interest Rate To 27%

Bello Akin by Bello Akin
September 23, 2025
0
BREAKING: CBN’s Monetary Policy Committee Slashes Interest Rate To 27%
Share on FacebookShare on TwitterShare on Whatsapp

In a significant policy shift aimed at stimulating economic growth, the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has announced a reduction in the benchmark interest rate by 50 basis points, bringing it down to 27 percent.

The decision, disclosed at the end of the MPC’s meeting in Abuja on Tuesday, marks the first major adjustment in months as the apex bank continues its balancing act between curbing inflation and boosting investment.

CBN Governor, Olayemi Cardoso, who briefed journalists after the meeting, explained that the rate cut is expected to ease credit conditions, encourage borrowing and support private sector-led growth. He emphasized that while inflationary pressures remain a concern, the MPC considered the need to create a more conducive environment for businesses, particularly in the productive sectors of the economy.

Economic analysts say the move could provide relief for manufacturers, small businesses and other enterprises struggling with high borrowing costs. However, they also caution that its effectiveness will depend on complementary fiscal measures and the stability of the foreign exchange market.

With this latest decision, Nigeria joins other emerging markets adopting cautious monetary policies and easing to spur economic recovery, even as global financial conditions remain tight.

More News...

LAGOS STATE TO RECRUIT 1,400 NEW KAI OFFICERS TO STRENGTHEN ENFORCEMENT

LAGOS STATE TO RECRUIT 1,400 NEW KAI OFFICERS TO STRENGTHEN ENFORCEMENT

US Cancelled Prof. Wole Soyinka’s Visa

US Cancelled Prof. Wole Soyinka’s Visa

Morgan Omodu: The measure of a life – Abiodun Komolafe

Morgan Omodu: The measure of a life – Abiodun Komolafe

Nigerian drug lords dominating the illicit drug trafficking business in South Africa

Nigerian drug lords dominating the illicit drug trafficking business in South Africa

Tinubu and the significance of yesterday (1) – By abiodun KOMOLAFE

Tinubu and the significance of yesterday (1) – By abiodun KOMOLAFE

Fashola Warns Lagos APC Leaders Against Selfishness That Could Tear the Party Apart

Fashola Warns Lagos APC Leaders Against Selfishness That Could Tear the Party Apart

Asiwaju Deserves Our Support as Nigerians — NOA on the Focus

Asiwaju Deserves Our Support as Nigerians — NOA on the Focus

Ekiti, Oct 27: Date with destiny!

Ekiti, Oct 27: Date with destiny!

About Us

Parrot Reporters is an independent and non-partisan news platform with special focus on Nigerians in Diaspora cum news within and outside the shore of Nigeria.


Our aim is to celebrate the exploits of Nigerians in diaspora particularly in Southern Africa and other parts of the world.

Categories

  • Business
  • Comic
  • Cover Stories
  • Crime
  • Economy
  • Editorials
  • Entertainment
  • Health
  • Interviews
  • Nigerians In Diaspora
  • Opinion
  • Other News
  • Politics
  • Sports
  • Tourism
  • Videos
  • World News

Follow Us

COPYRIGHT © Parrot Reporters
No Result
View All Result
  • Browse
    • Sports

© Parrot Reporters