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Nigeria Interest Rate Decision

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Nigeria Interest Rate Decision

Frequency

Delivery Method

Website popup

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Status

 
Latest Release
Sep 24, 2024
Actual
27.25%
Previous
26.75%
Monetary policy refers to the actions undertaken by a country's monetary authority, central bank or government to achieve certain national economic goals. It is based on the relationship between interest rates at which money can be borrowed and total supply of money. Policy rates are the most important rates within a country's monetary policy. These can be: deposit rates, lombard rates, rediscount rates, reference rates etc. Changing them influences economic growth, inflation, exchange rates and unemployment.
Importance:
Country:
Currency: NGN
Source: Central Bank of Nigeria
Nigeria Interest Rate Decision
 
Release Date Time Actual Forecast Previous
Nov 27, 2024 02:00     27.25%
Sep 25, 2024 00:00 27.25%   26.75%
Jul 24, 2024 00:00 26.75%   26.25%
May 22, 2024 00:00 26.25%   24.75%
Mar 27, 2024 00:00 24.75% 24.75% 22.75%
Feb 28, 2024 01:00 22.75% 21.00% 18.75%

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Interest Rate Decision Discussion

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