Financial Analysts Project Drop In CBN Benchmark Rate To 23%

Financial analysts at BMI, a Fitch Solutions Company, have forecasted that the Central Bank of Nigeria (CBN) will reduce its benchmark policy rate by a cumulative 450 basis points to 23.00 per cent by the end of 2025.

This projection follows an anticipated 25bps increase to a terminal rate of 27.50 per cent in November 2024.

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