Nigeria May Cut Interest Rates Before July, Emefiele Says
- Inflation treading downwards, ‘but a little bit sticky’
- Reserves could surge to $60 billion in the next 12-18 months
This article is for subscribers only.
Nigeria’s central bank could start cutting interest rates in the first half of the year as inflation eases, Governor Godwin Emefiele said.
Once inflation gets to low double digits “and high single digit happens, then it should be easy for MPC to begin to look at easing,” Emefiele said Wednesday in an interview at his office in Abuja, the capital. “I want to think that between the end of the first and second quarter, we should begin to see easing.”