Not like it’s anything new but to hear it from the CBN itself is worth noting.
“Everywhere in the world, if you have an election, that is when government spends more because at that time, you will have political office holders wanting to deliver dividends of democracy, they will want to show reasons why they should be re-elected.
“So Central Bank governors all over the world know that election cycles are very difficult for monetary policy. So the point I am making is that if there is increased spending, what is likely going to happen will be higher interest rate. So people should not look forward to low interest rate at a time of increased government spending. Sanusi
