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Central Bank of Nigeria schedules November monetary policy meeting
The central bank's rate-setting committee will meet on November 23 and 24 to review developments since its September rate cut, which matters for borrowing costs and investment planning.
What happened
The Central Bank of Nigeria has scheduled its 308th Monetary Policy Committee meeting for November 23 and 24. Daily Trust The first-day session is set for Monday, November 23, at 10am, with proceedings continuing on Tuesday, November 24, at 8am. Daily Trust The meeting will take place at the MPC Meeting Room on the 11th floor of the central bank headquarters in Abuja. Daily Trust The committee is expected to assess developments in the monetary policy environment since its September meeting. Daily Trust
Around it
At the September meeting, the committee reduced the Monetary Policy Rate by 350 basis points, from 26.5 per cent to 23 per cent. Daily Trust Headline inflation moderated to 15.39 per cent in August 2026 from 15.43 per cent in July, and the economy expanded by 4.43 per cent in the second quarter. Daily Trust The committee also recalibrated the Standing Facilities Corridor to +50 and -300 basis points around the MPR. Daily Trust Access Bank has predicted that the committee will retain the current rate. thisdaylive.com
What comes next
The committee's 308th meeting is scheduled for November 23 and 24. Daily Trust
Sources
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