Hold had been penciled in by markets: At its 20 August meeting, the Riksbank left its policy rate unchanged at...
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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Sweden: Riksbank stands pat for seventh straight meeting in August -
Indonesia: Bank Indonesia leaves rates unchanged in August New governor, old policy course: At its meeting on 18–19 August, Bank Indonesia (BI) decided to maintain the BI-Rate at... -
Norway: Norges Bank holds rates in August Markets had anticipated a hold: At its meeting on 13 August, Norges Bank held rates at 4.25% for a second... -
Australia: Central Bank holds rates in August Latest bank decision: At its August meeting, the Central Bank decided to hold the cash rate at 4.35%, following three... -
Kenya: Central Bank holds for third meeting in a row in August Third straight hold: At its meeting on 11 August, the Central Bank of Kenya (CBK) decided to maintain its policy... -
Romania: Central Bank stands pat in August Interest rates remain at highest level in the EU in August: At its meeting on 10 August, the National Bank... -
Mexico: Central Bank holds rates in August Latest bank decision: At its meeting on 6 August, the Central Bank decided to hold the target for the overnight...