CBN Governor Predicts Future Interest Rate Cuts as Inflation Eases

Governor of the Central Bank of Nigeria, Olayemi Cardoso, said interest rates are likely to fall in the future due to easing inflation and better capital allocation. Speaking at the Eurocham Nigeria C-Level Forum in Lagos, Cardoso explained that current high lending rates between 32% and 36% could come down as the economy stabilizes. He focused on the CBN’s goals to keep financial stability, recapitalize banks, attract investment, expand financial access through technology, and work closely with government agencies to support long-term economic growth.

Written by Adeyemi Adewale