Just like I expected;

The Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, Monday  restated that the central bank will not rush to cut interest rate even as inflation is forecast to remain within its target this year.

“Rate reductions will depend on whether the government can control spending,” Bloomberg quoted Sanusi to have said in an interview in Marrakech, Morocco, where he is attending the annual meetings of the African Development Bank (AfDB).

Bua group

Sanusi: CBN Won’t Rush to Cut Interest Rate

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.