Economics
Nigeria Central Bank Unexpectedly Cuts Key Rate to 12.5%
- Economy may avert recession after policy measures: Emefiele
- Inflation has been above the target band for five years
The headquarters of the Nigerian central bank stands in Abuja, Nigeria.
Photographer: KC Nwakalor/BloombergThis article is for subscribers only.
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Nigeria’s central bank unexpectedly cut its key interest rate to the lowest in four years to try to avert a recession in Africa’s largest economy.