Nigeria Central Bank Chief Expects Rate to Be Held Next Week
- Emefiele says key interest rate will probably be kept at 14%
- Central bank has made good progress on inflation: Emefiele
Godwin Emefiele,
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Nigeria’s central bank governor expects the Monetary Policy Committee to hold its main interest rate at next week’s meeting.
“I don’t think rates will change,” Godwin Emefiele said in an interview in Abuja, Nigeria’s capital, Wednesday. Does economic data “portend towards any significant changes in the policy rates? We don’t see that. Normally, when you begin the year, what you find is that you want to hold the policy rate steady.”