Rates left unchanged for a sixth straight meeting: At its meeting on 15 July, the Bank of Canada held its...
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 7 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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Canada: Bank of Canada maintains rate in July -
Malaysia: Bank Negara Malaysia holds rates in July BNM stands pat for the sixth straight meeting: At its meeting on 9 July, Bank Negara Malaysia (BNM) decided to... -
Egypt: Central Bank of Egypt holds rates in July CBE extends pause on easing cycle: At its meeting on 9 July, the Central Bank of Egypt (CBE) decided to... -
New Zealand: Central Bank hikes rates in July RBNZ delivers first rate hike in over three years: At its meeting on 8 July, the Reserve Bank of New... -
Poland: Central Bank leaves rates unchanged in July Fourth consecutive hold meets expectations: At its meeting on 7-8 July, the National Bank of Poland (NBP) decided to keep... -
Uruguay: Central Bank leaves policy rate unchanged in July BCU extends rate hold: At its meeting on 1 July, the Central Bank of Uruguay (BCU) kept its policy rate... -
Dominican Republic: Central Bank leaves rates unchanged in June Bank extends its pause again: At its meeting on 30 June, the Central Bank of the Dominican Republic (BCRD) decided...