Nigeria inflation falls again, raising rate cut hopes

• June marks third straight monthly decline in headline inflation
• Analysts predict first interest rate cut under Tinubu on July 22

ABUJA, NIGERIA – Nigeria’s annual inflation rate eased for the third consecutive month in June, falling to 22.22% from 22.97% in May, driven by currency stabilisation and lower petrol prices. The decline has raised expectations of an interest rate cut at next week’s Monetary Policy Committee (MPC) meeting—the first under President Bola Tinubu’s administration.