logo

News

Nigeria central bank holds benchmark interest rate at 14%

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

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


Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.