The Central Bank of Nigeria (CBN) has rescheduled its 299th Monetary Policy Committee (MPC) meeting, originally set for February 17 and 18, 2025. The meeting will now hold on February 18 and 19, 2025, according to an official statement released by the apex bank on Monday.
The delay comes amid uncertainties regarding the rebased Consumer Price Index (CPI), which the National Bureau of Statistics (NBS) has yet to release. Analysts suggest the postponement may be linked to the need for updated inflation figures before the committee makes key monetary policy decisions.
With the new date confirmed, economic analysts are closely monitoring whether the CBN will maintain or adjust the Monetary Policy Rate (MPR) in response to Nigeria’s economic conditions.
The first MPC meeting of 2025 was initially scheduled for January 27–28 but was moved to February to allow time for the release of updated inflation and GDP figures.
This is not the first time the CBN has postponed an MPC meeting under Governor Olayemi Cardoso. Since his appointment in September 2023, similar shifts have occurred as the bank prioritizes accurate economic data before making policy decisions.
The last MPC meeting, which was also the first under Cardoso’s leadership, took place on February 26 and 27, 2024.
Inflation trends play a crucial role in shaping monetary policy. The NBS typically releases its CPI report on the 15th of every month, meaning the latest inflation data may be available just three days before the newly scheduled MPC meeting.
