Singapore: MAS leaves monetary policy unchanged in April
At its quarterly monetary policy meeting held on 12 April, the Monetary Authority of Singapore (MAS) maintained the prevailing rate...
Monetary Policy Rate in Nigeria
The Monetary Policy Rate ended 2022 at 16.50%, up from the 11.50% end-2021 value and up from the reading of 12.00% a decade earlier. For reference, the average policy rate in Sub-Saharan Africa was 11.80% at end-2022. For more interest rate information, visit our dedicated page.
Nigeria Interest Rate Chart
Note: This chart displays Policy Interest Rate (%) for Nigeria from 2014 to 2023.
Source: Central Bank of Nigeria.
Nigeria Interest Rate Data
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Monetary Policy Rate (%, eop) | 14.00 | 13.50 | 11.50 | 11.50 | 16.50 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Nigerian interest rate projections for the next ten years from a panel of 10 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable interest rate forecast available for Nigerian interest rate.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Nigerian interest rate projections.
Want to get access to the full dataset of Nigerian interest rate forecasts? Send an email to info@focus-economics.com.
Latest Global Monetary Policy News
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Korea: Central Bank maintains rates in April
At its meeting on 12 April, the Central Bank decided to keep the Base Rate unchanged at 3.50%, where it... -
Peru: Central Bank resumes easing cycle in April
At its 11 April meeting, the Central Bank of Peru (BCRP) cut its key policy interest rate to 6.00% from... -
Uruguay: Central Bank cuts policy rate in April
On 10 April, the Monetary Policy Committee of the Central Bank of Uruguay (BCU) cut the policy rate to 8.50%... -
Euro Area: ECB stands pat in April, opens door to June cut
At its 11 April meeting, the European Central Bank (ECB) kept the main refinancing operations, marginal lending facility and deposit... -
Serbia: Central Bank holds rates in April
At its 11 April meeting, the National Bank of Serbia (NBS) kept the key policy rate unchanged at 6.50%. It... -
Canada: Central Bank stays put in April
On 11 April, the Bank of Canada (BOC) left the target for the overnight rate at 5.00%. The Bank judged...