Nigeria MPC decides against premature rate cut at November meeting

by | November 22, 2017 2:21 am

Nigeria’s central bank left its key interest rate at a record high of 14 percent to fight inflation after Africa’s largest economy expanded for the second straight quarter in the three months through September. The Monetary Policy Committee (MPC) shrugged off pressure to cut rates to stimulate economic activity, holding benchmark rate for the eight…

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