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With Political Hopes Dashed, Nigeria’s Emefiele Focuses on Rates

  • Nigeria’s central bank head dropped plan to run for presidency
  • Central bank unlikely to raise rates despite high inflation
Godwin Emefiele 
Godwin Emefiele Photographer: Chris J. Ratcliffe/Bloomberg

Nigeria’s central bank will likely leave interest rates unchanged on Tuesday as Governor Godwin Emefiele turns his attention back to the economy after an abortive bid to become president.

The monetary policy committee is expected to keep the benchmark gauge at 11.5%, according to eight of 10 economists surveyed by Bloomberg. Two expect a hike.