…Monetary policy committee forecast to keep key rate at 14%
ABUJA, MAY 22, 2018 – The Central Bank of Nigeria Governor Godwin Emefiele’s tight monetary policy stance and system of multiple exchange rates may have paid off through slowing inflation and a stable naira, and he’s not about to change that soon.
The Monetary Policy Committee is meeting this week with price growth at a two-year low. All but four of the 15 economists in a Bloomberg survey said the panel will continue its unchanged stance on Tuesday.
