Nigeria holds rate amid slower global growth, uncertainty
Nigeria's central bank kept its monetary policy rate at 13.50 percent as 9 of its 11 monetary policy members decided this would allow time to better understand the momentum of domestic economic growth amid the declining trend in global output and persistent uncertainties.
The Central Bank of Nigeria (CBN), which in March cut its rate for the first time in 3-1/2 year, added maintaining the rate would also allow time to evaluate the bank's impact of its intervention policies to support lending to priority sectors. Читать дальше...