Nigeria’s inflation eases to 15.06%. Will the central bank cut rates again?

• Inflation eases slightly as naira stabilises
• Rate cut expectations build ahead of May

ABUJA, NIGERIA — Nigeria’s annual inflation edged down to 15.06% in February, reinforcing expectations of further interest rate cuts as price pressures show tentative signs of easing.

Nigeria’s consumer price index slowed marginally from 15.10% in January, according to data released Monday, as exchange rate stability and moderating imported costs helped ease inflationary pressures.