• About
  • Advertise
  • Contact
Thursday, October 23, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Economy

‎IMPI Welcomes First Interest Rate Cut In Five Years, Says CBN Decision Aligns With Its Projection

Vital News by Vital News
September 24, 2025
in Economy, News
0
‎IMPI Welcomes First Interest Rate Cut In Five Years, Says CBN Decision Aligns With Its Projection
Share on FacebookShare on Twitter

RelatedStories

Olubadan Set Up Committee To Revamp Moribund Industries, Revamp Abandoned Ibadan Urban Renewal Programme

Oyo Dares FG Over Lands, Says ARCEDEM, Radio Nigeria, NTA, NIHORT Lands Acquired In Public Interest

Professor Amupitan Resumes Office As New INEC Chairman

Dangote Group Denies Ownership Of Truck In Akungba-Akoko Accident

The Independent Media and Policy Initiative (IMPI) has welcomed the decision by the Central Bank of Nigeria (CBN) to cut the benchmark interest rate by 50 basis points to 27 per cent.
‎
‎In a statement signed by its Chairman, Dr Omoniyi Akinsiju, the think tank said the CBN’s decision aligns with the position its analysts took in its recent policy statement.
‎
‎”We welcome the announcement by the Central Bank’s Monetary Policy Committee (MPC) of a 50 basis-point reduction to 27 per cent after five years.

“We believe this is the first in the threshold of monetary easing over the next three quarter to be undertaken by the apex bank.
‎
‎”It totally aligns with the position we took in our policy statement 029, recently, in which we projected that the apex bank would soon ease the Monetary Policy Rate (MPR) on the back of five consecutive months of decline in headline inflation and a stronger naira.
‎
‎”We had also previously projected a 5 per cent growth in Gross Domestic Product (GDP) in 2025 as opposed to a forecast by the International Monetary Fund (IMF) of a 3.4 per cent growth in the same year.
‎
‎”For us, the apex bank’s decision is an affirmation that appropriate initiatives are in place to ensure that monetary policies align with fiscal policies so it is not really surprising that the Central Bank’s MPC had to ease its hold on benchmark interest rates.
‎
‎”What it means is that the CBN properly read the economic barometer well because the decision was properly guided by objective data on the country’s inflation and the GDP growth.
‎
‎”The implication now is that businesses can now borrow at a lower rate which will reflect positively on the country’s business environment in terms of reduction in prices of goods and services, going forward.
‎
‎”So we can comfortably affirm that our projection of a further reduction in headline inflation from 20.12 per cent to 17 per cent by December is more realistic now that CBN has reduced interest rate on borrowing for the first time since the COVID-19 pandemic,” the statement added.
‎
‎The think tank then urged the federal authorities to continue to deploy appropriate policies to ensure the economy remains on a positive trajectory.
(vitalnewsngr.com)

Tags: CBNcutIMPIinterestrate
Previous Post

Army Jails Three Soldiers For Life, One Other Bags 15yrs Imprisonment For Diverting Ammunition To Terrorists In Borno

Next Post

No Dispute with Dangote Refinery, Only Seeking Fair Access To Petroleum Products – DAPPMAN

Vital News

Vital News

RelatedStories

Olubadan Set Up Committee To Revamp Moribund Industries, Revamp Abandoned Ibadan Urban Renewal Programme
Economy

Olubadan Set Up Committee To Revamp Moribund Industries, Revamp Abandoned Ibadan Urban Renewal Programme

October 23, 2025
Your Exit Will Not In Anyway Affects Fortune Of PDP – Makinde To Atiku
Environment

Oyo Dares FG Over Lands, Says ARCEDEM, Radio Nigeria, NTA, NIHORT Lands Acquired In Public Interest

October 23, 2025
Professor Amupitan Resumes Office As New INEC Chairman
News

Professor Amupitan Resumes Office As New INEC Chairman

October 23, 2025
Dangote Denies Ownership Of Truck Involved In Enugu Accident
News

Dangote Group Denies Ownership Of Truck In Akungba-Akoko Accident

October 23, 2025
Trailer Crushes Female University Lecturer To Death In Lokoja
Education

Trailer Crushes Female University Lecturer To Death In Lokoja

October 23, 2025
Next Post
Marketers Demand N1.5trn Subsidy To Match Refinery Gantry Price – Dangote Refinery

No Dispute with Dangote Refinery, Only Seeking Fair Access To Petroleum Products – DAPPMAN

Popular Businessman, Oskar Ibru Dies At 67

Popular Businessman, Oskar Ibru Dies At 67

M.O.R.E Agenda Update : EJINYERE’s Impact In WUEDA By Stella Odika

M.O.R.E Agenda Update : EJINYERE's Impact In WUEDA By Stella Odika

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Kogi Community, Students Union Congratulate Abdulsalam On Appointment As MD Ajaokuta Steel Company

Kogi Community, Students Union Congratulate Abdulsalam On Appointment As MD Ajaokuta Steel Company

7 months ago
Senator Sunday Karimi : A Beacon Of Service And Integrity, Beyond 2027 By Samuel Temiloluwa

Senator Sunday Karimi : A Beacon Of Service And Integrity, Beyond 2027 By Samuel Temiloluwa

2 days ago
Police Burst Baby Factory In Rivers, Rescue 10 Pregnant Women

Police Burst Baby Factory In Rivers, Rescue 10 Pregnant Women

3 years ago

World Athletics Championship : Tobi Amusan clinches Gold in 100m hurdles, sets new record

3 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu US
No Result
View All Result

Highlights

Dangote Group Denies Ownership Of Truck In Akungba-Akoko Accident

Former Minister, Tanimu Turaki, Emerges Northern PDP Consensus Candidate As National Chairman

Trailer Crushes Female University Lecturer To Death In Lokoja

Governor Adeleke Appoints Davido Chairman Of Osun State Sports Trust Fund

FG Warns Buyers To Stay Off ARCEDEM, Radio Nigeria Land, Four Other Landed Property In Oyo

‎IMPI Revises Inflation Rate Projection To 14% From 17% For December

Trending

Olubadan Set Up Committee To Revamp Moribund Industries, Revamp Abandoned Ibadan Urban Renewal Programme
Economy

Olubadan Set Up Committee To Revamp Moribund Industries, Revamp Abandoned Ibadan Urban Renewal Programme

by Vital News
October 23, 2025
0

The Olubadan of Ibadanland, Oba Rashidi Adewolu Ladoja has set up a committee to revamp moribund industries...

Your Exit Will Not In Anyway Affects Fortune Of PDP – Makinde To Atiku

Oyo Dares FG Over Lands, Says ARCEDEM, Radio Nigeria, NTA, NIHORT Lands Acquired In Public Interest

October 23, 2025
Professor Amupitan Resumes Office As New INEC Chairman

Professor Amupitan Resumes Office As New INEC Chairman

October 23, 2025
Dangote Denies Ownership Of Truck Involved In Enugu Accident

Dangote Group Denies Ownership Of Truck In Akungba-Akoko Accident

October 23, 2025
Former Minister, Tanimu Turaki, Emerges Northern PDP Consensus Candidate As National Chairman

Former Minister, Tanimu Turaki, Emerges Northern PDP Consensus Candidate As National Chairman

October 23, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Olubadan Set Up Committee To Revamp Moribund Industries, Revamp Abandoned Ibadan Urban Renewal Programme October 23, 2025
  • Oyo Dares FG Over Lands, Says ARCEDEM, Radio Nigeria, NTA, NIHORT Lands Acquired In Public Interest October 23, 2025
  • Professor Amupitan Resumes Office As New INEC Chairman October 23, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In