Flash Report /
Nigeria

Nigerian central bank surprises with another rate hike

  • The Central Bank of Nigeria hiked by 100bps to 14% amid a continued rise in inflation, which reached 18.6% yoy in June

  • There has also been a recent rise in market yields, which could begin to tamp down on demand-side pressures

  • However, structural impediments to policymaking will remain until the removal of Governor Emefiele (term ends May 2024)

Nigerian central bank surprises with another rate hike
Patrick Curran
Tellimer Research
19 July 2022
Published byTellimer Research

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