CBN MPC to meet amid calls for lower rates despite inflation fears
65% of Nigerians want lower lending rates despite inflation concerns, per CBN survey. MPC meets Feb 23-24 after keeping MPR at 27% since November. Survey shows 50.1% prefer rate cuts even if inflation rises, while 41.8% favor higher rates to control inflation. MPC previously cut rates 50bps in September but retained 27% in November. Five committee members dissented, proposing 26.5% rate cut. Consumer sentiment positive but spending on essentials remains high. Will MPC prioritize cheaper credit or inflation control?