Nume Ekeghe As the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) commences its meeting today, analysts are projecting the start of a cautious easing cycle, underpinned by sustained disinflation, improved exchange rate stability and moderating food prices. Expectations of a rate cut are anchored on January’s inflation data, which showed headline inflation easing to 15.10 per cent year-on-year, extending the disinflation trend seen in recent months. The moderation in both core and food inflation, alongside the naira’s relative stability and appreciation against the dollar year-to-date, has strengthened confidence that price pressures are gradually receding. Analysts argue that with inflation surprising on the downside and liquidity conditions still tightly managed, ...