Economics

Nigerian Central Bank Holds Key Rate as Inflation Ticks Up

MPC voted to keep monetary policy rate at 12.5%, Emefiele says
Inflation rate increased to the highest level since March 2018

The Nigerian central bank headquarters in Abuja, Nigeria. — The Nigerian central bank headquarters in Abuja, Nigeria.
Photographer: KC Nwakalor/Bloomberg

Have a confidential tip for our reporters? Get in Touch

Before it’s here, it’s on the Bloomberg Terminal

July 20, 2020 at 9:34 AM EDT

Updated on

July 20, 2020 at 10:18 AM EDT

This article is for subscribers only.

Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter

The Central Bank of Nigeria held interest rates as it remains concerned about a persistent increase in inflation.

Have a confidential tip for our reporters? Get in Touch

Before it’s here, it’s on the Bloomberg Terminal