UPDATE 2: Nigeria holds interest rate for fifth consecutive time

by | May 23, 2017 2:45 pm

Nigeria left its benchmark interest rate unchanged for a fifth consecutive meeting to balance lifting the economy out of its worst slump in 25 years with fighting inflation that’s at almost double the government’s target. Eight out of ten members of the Monetary Policy Committee (MPC) voted to hold key rates at today’s meeting, according…

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