Nigeria Rates on Hold as Central Bank Resists Political Pressure

  • Loosening monetary policy not advisable, Emefiele says
  • Inflation accelerated to an almost 11-year high in August

Nigeria’s central bank resisted political pressure to loosen policy and kept its main lending rate unchanged even as the finance minister called for lower borrowing costs to help stimulate an ailing economy.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.