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Has Nigeria’s inflation battle entered its toughest and unpredictable phase yet?

Gridlock at Ijora, Lagos, Nigeria. Photo by Dami Akinbode @ Unsplash
Gridlock at Ijora, Lagos, Nigeria. Photo by Dami Akinbode @ Unsplash
  • Nigeria keeps benchmark interest rate unchanged at 26.5%
  • Policymakers shift focus to preserving macroeconomic stability.

 

ABUJA, NIGERIANigeria’s central bank left its benchmark interest rate unchanged for a second consecutive meeting on Tuesday, signalling a more cautious phase in its battle against inflation as policymakers seek to preserve macroeconomic stability without undermining economic growth.

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