Nigeria's Central Bank Set to Cut Interest Rates Amid Slowing Inflation

The Central Bank of Nigeria is likely to extend its easing cycle after October's inflation rate of 16%, which is just one percentage point above President Bola Tinubu's year-end goal. Seven economists predict a rate cut at the final MPC meeting of the year, with four expecting a 0.5% reduction and three anticipating a 1% cut. The move would provide relief to businesses and offer a political boost for Tinubu amid criticism over school abductions.