The Central Bank of Nigeria (CBN) has scheduled its 301st Monetary Policy Committee (MPC) meeting for Monday and Tuesday, July 21 and 22, 2025.

This was revealed in a notice published on the apex bank’s official website over the weekend.

The MPC, which serves as the CBN’s highest policy-making body, will convene in Abuja to deliberate on key monetary issues, including the country’s interest rate and inflation trajectory.

The committee is expected to determine whether to maintain the current interest rate stance or adopt tighter monetary measures in response to economic indicators.

Nigeria’s inflation rate declined to 22.97% in May. During its previous (300th) meeting, the MPC—led by CBN Governor Olayemi Cardoso—opted to hold the benchmark interest rate at 27.5% despite the decline in inflation.

Meanwhile, some economists, including Dr. Muda Yusuf, CEO of the Centre for the Promotion of Private Enterprise, have advocated for a rate cut to support economic growth.