Economics
Nigeria Leaves Key Rate at Record High as Inflation Persists
- West African economy recovering from 2016 contraction
- Inflation rate still above upper limit of target range
This article is for subscribers only.
Nigeria’s central bank left its key interest rate at a record high to fight inflation after the economy expanded in the third quarter.
The Monetary Policy Committee held the rate at 14 percent, Central Bank of Nigeria Governor Godwin Emefiele told reporters on Tuesday in the capital, Abuja. That’s in line with the predictions of all 14 economists in a Bloomberg survey.