Central Banks
Nigeria Central Bank Head Cardoso Says Worst of Naira Volatility Is Over
- Believes steps taken by the central bank has stabilized naira
- Cardoso says MPC will do everything possible to curb inflation
This article is for subscribers only.
Nigeria’s central bank Governor Olayemi Cardoso said the bank is “relatively pleased” with the progress it has made in stabilizing the naira and believes the excessive volatility may be a thing of the past.
“I do believe that we have more or less seen the worst in terms of volatility,” Cardoso said in an interview with Bloomberg TV on Tuesday. “We are also very alive to observing the way and manner in which that market operates and ensuring that it gives the best value that that can be accomplished using certain tools,” he said.