The BCRD holds for seventh consecutive meeting: At its meeting on 29 May, the Central Bank of the Dominican Republic...
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 8 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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Dominican Republic: Central Bank leaves rates unchanged in May -
Guatemala: Central Bank keeps rates on hold in May Banguat holds steady for a third straight meeting: On 27 May, the Bank of Guatemala (Banguat) kept its policy rate... -
New Zealand: Central Bank holds rates in May Latest bank decision: At its meeting on 27 May, the Central Bank decided to hold the Official Cash Rate (OCR)... -
Uruguay: Central Bank leaves policy rate unchanged in May BCU extends rate hold: At its meeting on 26 May, the Central Bank of Uruguay (BCU) kept its policy rate... -
Israel: Central Bank cuts rates in May Latest bank decision: At its meeting on 25 May, the Central Bank decided to cut its policy rate from 4.00%... -
Hungary: Central Bank stands pat in May Hold aligns with market expectations: On 26 May, Magyar Nemzeti Bank (MNB) left the base rate unchanged at 6.25% for... -
Egypt: Central Bank of Egypt holds rates in May CBE maintains pause on easing cycle: At its meeting on 21 May, the Central Bank of Egypt (CBE) decided to...