Nigeria cbank-inflation will not force rate rise next week

LAGOS (Reuters) - Nigeria will not raise benchmark interest rates as a result of the first round of inflationary effects from the removal of a fuel subsidy, Central Bank Governor Lamido Sanusi said on Thursday. The central bank is due to hold its first interest rate setting meeting for the year next Monday and Tuesday. "In January, because of the removal of subsidy there's going to be ...
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Added January 26, 2012
from Yahoo Nigerian News