Search

Nigeria to ease interest rates as inflation slows and credit squeeze deepens

Subscriber only Subscriber only
Lagos, Nigeria. © Unsplash
  • Nigeria’s central bank expected to cut interest rate for the first time under Cardoso
  • Easing inflation and stable naira seen creating room to loosen monetary policy

 

LAGOS, Nigeria — Nigeria’s central bank is widely expected to make a modest cut to its benchmark interest rate on Tuesday (July 22), as analysts say three consecutive months of easing inflation have set the stage for the country’s first rate cut in two years.

You need an active subscription to continue reading this article.

Recent Business

Woman selling fruit in Tanzanian Market. Photo by David Cashbaugh @ Unsplash
Amid tariff wars, Africa seals $48bn to boost intra-trade
Read More »
Photo by Mwanje Henry @ Unsplash
Uganda’s pension giant posts record $7.4bn assets
Read More »
Gold bars. Photo by Jingming Pan @ Unsplash
Can Ghana’s gold refinery plan deliver real value?
Read More »

Recent Politics

Nairobi, Kenya © Unsplash
Kenya-Somalia tensions threaten vital khat trade
Read More »
Ivory Coast supporters of a political party on the street. Photo by Yanick Folly @ Unsplash
Ivory Coast vote: Is Ouattara headed for a one-man race?
Read More »
Loading of maritime containers aboard vessels in a seaport. Photo @ Unsplash
Is Ethiopia’s sea access dispute with Eritrea a path to conflict?
Read More »

Latest Posts

Latest news insights