Stanbic IBTC Projects 200 Basis Points Reduction in Nigeria’s Interest Rates by 2025
Financial services giant, Stanbic IBTC, has projected a significant downward adjustment in Nigeria’s benchmark interest rate, forecasting a 200 basis points (bps) cut in 2025. This projection comes amid ongoing efforts by monetary authorities to strike a balance between inflation control and economic growth stimulation. In its recent macroeconomic outlook, the financial institution noted that