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CBN: Monetary policy easing succeeding with inflation rate decline, FX reserves growth - BUSINESSDAY
Nigeria’s inflation rate has continued to cool, falling to 16.05 per cent in October from 18.02 per cent in September 2025. The inflation rate drop was largely driven by the monetary policy easing and positive outcome of key reforms instituted by the Central Bank of Nigeria (CBN), which triggered continued FX stability, spike in foreign reserves to $46 billion.
The monetary policy easing cycle is expected to be sustained as the Monetary Policy Committee converges in Abuja on November 24th and 25th for its 303 meeting. CBN governor, Olayemi CardNigeria’s inflation rate has continued to cool, falling to 16.05 per cent in October from 18.02 per cent in September 2025.
The inflation rate drop was largely driven by the monetary policy easing and positive outcome of key reforms instituted by the Central Bank of Nigeria (CBN), which triggered continued FX stability, spike in foreign reserves to $46 billion. The monetary policy easing cycle is expected to be sustained as the Monetary Policy Committee converges in Abuja on November 24th and 25th for its 303 meeting.
