Nigeria’s rates on hold ahead of general election

The upcoming general election may have influenced the Central Bank of Nigeria’s (CBN’s) decision to leave interest rates unchanged today. We suspect that once the election is out of the way, monetary policy will need to tighten in order to reduce inflationary pressure and prevent the naira from falling.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.