Analysts: Aggressive rate hike to moderate inflation

With the 400-basis point hike in monetary policy rate to 22.75 per cent by the Monetary Policy Committee of the Central Bank of Nigeria, analysts believe there will be a moderation in inflationary pressures. Speaking on CNBC Africa’s post-MPC panel, Bismarck Rewane, the CEO of Financial Derivative and Nnamdi Nwizu, the Co-Managing Partner at Comercio Partners, say there’ll be a decline with inflationary pressure.