The Central Bank of Nigeria delivered a larger-than-expected 150bp hike to its policy rate, to 26.25%, at its meeting today, reinforcing Governor Cardoso’s recent comments that officials will “do whatever is necessary “ to rein in inflation. There were signals that officials feel they are turning the tide on inflation, but we think that they still have a bit more work to do.
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