The pick-up in Nigerian GDP growth in Q3 was driven by an improvement in the non-oil sector, which has been due in part to continued loose fiscal policy. All of this would seem to strengthen the case for higher interest rates. But the drop in inflation to a six-year low last month is likely to stay the Central Bank’s hand for now.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services