CBN to hold landmark 300th MPC meeting May 19–20
The Central Bank of Nigeria (CBN) has announced that it will host the 300th meeting of its Monetary Policy Committee (MPC) on Monday, May 19, and Tuesday, May 20, 2025, at its headquarters in Abuja.
This was confirmed in a public notice published on the CBN’s official website on Tuesday.
According to the announcement, the meeting will take place over two days, with sessions on both Monday, May 19, 2025, and Tuesday, May 20, 2025, at the MPC Meeting Room, 11th Floor, Wing C, CBN Headquarters, Abuja.
This meeting represents a significant milestone for Nigeria’s apex monetary policy decision-making body, which plays a crucial role in formulating strategies to maintain price stability, safeguard the soundness of the financial system, and support economic growth.
The decisions of the MPC are closely monitored by investors, financial institutions, and policymakers, as they have a direct impact on: The Monetary Policy Rate (MPR); Liquidity ratios and banking sector lending; Inflation and exchange rate strategies; The broader macroeconomic direction.
Typically, the committee evaluates both domestic and global economic conditions before deciding whether to tighten, loosen, or maintain the existing monetary policy stance.
The upcoming May 2025 meeting comes at a time of increased scrutiny regarding the CBN’s policies, particularly under the leadership of Governor Olayemi Cardoso. His tenure has been marked by structural reforms aimed at restoring investor confidence and enhancing transparency within the monetary system.
With inflationary pressures remaining high and the naira continuing to experience volatility in the foreign exchange markets, financial analysts anticipate that the MPC may either maintain a restrictive monetary stance or raise rates further in an effort to curb inflation and stabilise the currency.
During the launch of the World Bank’s Nigeria Development Update in Abuja on Monday, Governor Cardoso reaffirmed the CBN’s commitment to orthodox monetary policy, which he stated has already begun to show positive results.
“If we continue with our course of orthodox monetary policy, which has already shown results, then inflation will moderate over time. Alongside that, interest rates will also begin to ease,” Cardoso remarked.
Additionally, the National Bureau of Statistics (NBS) is set to release its inflation report in the coming days. Analysts expect that, following a sharp increase in inflation driven by rising fuel and food costs, consumer prices may show a slight decline in April.
