Search

Nigerian Central Bank Signals Potential Slowdown in Rate Hikes

Allen dreyfus Logo
© Allen Dreyfus
  • CBN hints at easing monetary rate hikes pending economic developments
  • Analysts predict continued tight monetary policy in the near term

 

The Central Bank of Nigeria (CBN) has indicated it may soon be able to slow down the hike of its monetary policy rate, a move that has defined its stance in the first half of the year. However, this process will depend on developments in the economy, the bank explained.

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


By signing in, you agree to receive Allen Dreyfus newsletters and updates. You can unsubscribe at any time.

Recent Business

Foodstuff being moved to the market in Accra, Ghana. Photo by Zeal Creative Studios @ Pexels
Nigeria’s poor spend beyond earnings. Can reforms deliver?
Read More »
Street vendor selling goods in traffic in Ghana. Photo by Carbell Sarfo @Pexels
Ghana’s treasury bill bids plunge 40%. Is demand fading?
Read More »
Industrial gas valves outdoors. Photo by David Brown @ Pexels
Will Tanzania's gas find deliver? Investors await proof
Read More »

Recent Politics

Foodstuff being moved to the market in Accra, Ghana. Photo by Zeal Creative Studios @ Pexels
Nigeria’s poor spend beyond earnings. Can reforms deliver?
Read More »
Fuel tanker truck navigating city roads. Photo @ Pexels
Can West Africa afford its rising fuel subsidies?
Read More »
Photo by Fran Ben @ Pixabay | Senegal
Can Senegal’s budget revolt derail its IMF rescue?
Read More »

Latest Posts

Latest news insights