The announcement by the Nigerian authorities to maintain fuel subsidies – rather than end the scheme as planned – reduces inflation risks, but the budget deficit is set to come in wider than policymakers had previously anticipated. Meanwhile, this week’s monetary policy decisions by major central banks in the region highlighted that soft economic recoveries are still weighing heavily on policymakers' thinking.
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