CBN Shifts February MPC By One Day

The 299th Monetary Policy Committee meeting of the Central Bank of Nigeria (CBN) earlier slated for February 17 and 18, 2025 has been shifted.

In a statement on Monday, the apex bank said the meeting will now be held on February 18 and 19, 2025.

The statement read, “The Central Bank of Nigeria has announced that the 299th meeting of its Monetary Policy Committee earlier scheduled for February 17 and 18, 2025, will now be held on Wednesday, February 18 and Thursday, February 19, 2025.”

The development ends speculations over the meeting dates, which arose due to delays by the National Bureau of Statistics in releasing the rebased Consumer Price Index.

With a new date confirmed, the statement noted that economic analysts are keenly watching to see if the committee will retain or increase the Monetary Policy Rate in response to prevailing economic conditions.

The first MPC meeting for 2025 was initially set for January 27–28 but was moved to February, reportedly to allow time for the rebased inflation and GDP figures to be released.

Last month, the NBS said that the details of the newly rebased Gross Domestic Product (GDP) and CPI would be launched at the end of the month.

The NBS in October 2024 announced plans to rebase the GDP and CPI to reflect current realities and capture structural changes in the economy.