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Nigerian Central Bank Signals Potential Slowdown in Rate Hikes

© 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.

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