Nigeria central bank holds benchmark interest rate at 14%

PUBLISHED: Tue, 26 Sep 2017 16:54:06 GMT
Share

Nigeria’s central bank held its benchmark interest rate at 14 percent on Tuesday, its governor said following a Monetary Policy Committee meeting.

Fourteen of 15 economists polled by Reuters last week predicted rates would stay on hold while one forecast a 200 basis point cut.

Reporting by Alexis Akwagyiram and Chijioke Ohuocha; editing by John Stonestreet

Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.