Nigeria Holds Key Rate at 14% as It Seeks Currency Stability

“The fact that two members voted for monetary policy rate easing suggests that perhaps, before the end of the year, they might start considering easing a bit,” Omotola Abimbola, an analyst at Afrinvest West Africa Ltd., said by phone from Lagos. “We think an inflation rate of 12 percent or below will probably be one that will interest them to ease.”

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