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Nigeria inflation eases in May, rates expected to hold

ABUJA (Reuters) - Nigeria's consumer inflation eased slightly to 12.7 percent year-on-year in May, from 12.9 percent in April, data showed on Tuesday, adding to expectations the central bank will keep interest rates on hold in the near term. Nigeria's central bank wants consumer inflation in single-digits but has accepted that the headline figure is likely to peak at around 14 percent later this ...
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Added June 19, 2012
from Yahoo Nigerian News