At its meeting on 2 September, the Reserve Bank of New Zealand (RBNZ) raised the Official Cash Rate (OCR) by...
Policy Interest Rate in Nigeria
The Policy Interest Rate (%, eop) ended 2024 at 27.50%, up from the 18.75% end-2024 value and up from the reading of 13.00% a decade earlier. For reference, the average interest rate in Sub-Saharan Africa was 14.31% at end-2024. For more information on interest rate, visit our dedicated page.
Nigeria Interest Rate Chart
Note: This chart displays Policy Interest Rate (%) for Nigeria from 2014 to 2025.
Source: Macrobond.
Nigeria Interest Rate Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Monetary Policy Rate (%, eop) | 11.50 | 16.50 | 18.75 | 27.50 | 27.00 |
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 9 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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New Zealand: -
Israel: Central Bank cuts rates again in September Latest bank decision: At its meeting on 1 September, the Central Bank decided to cut its policy rate by a... -
Dominican Republic: Central Bank leaves rates unchanged in August The BCRD stands pat for a 10th straight meeting: At its meeting on 31 August, the Central Bank of the... -
Korea: Bank of Korea raises rates for the second consecutive meeting Base rate reaches an over one-year high: At its meeting on 27 August, the Bank of Korea (BOK) decided to... -
Thailand: Bank of Thailand leaves rates unchanged in August Interest rates left on hold, as expected: At its meeting on 26 August, the Bank of Thailand (BOT) decided to... -
Guatemala: Central Bank keeps rates on hold in August Banguat stands pat for a fifth straight meeting: On 26 August, the Bank of Guatemala (Banguat) kept its policy rate... -
Hungary: Magyar Nemzeti Bank cuts rates in August Latest bank decision: At its meeting on 25 August, the Monetary Council of the Magyar Nemzeti Bank (MNB) decided to...