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Sanusi: CBN may raise interest rate

The Central Bank of Nigeria (CBN) might raise interest rates again this year, if the government fails to rein in spending. Governor of the Central Bank of Nigeria (CBN), Malam Sanusi Lamido Sanusi, said yesterday at the Royal Institute of International Affairs, London (Chatham House), that the apex bank was ready to tighten monetary policy to curb inflation, if a much-needed fiscal contraction doesn’t materialise. “I believe that, in an environment where there are still lots of concerns about ...
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Added May 10, 2011
from Nigerian Compass