Wire · operational-macro
Presidential aide to CBN: Nigeria's tight interest rate policy risks slowing economic growth
A senior economic adviser to Nigeria's president has publicly criticised the Central Bank of Nigeria's (CBN) tight monetary policy, arguing that high interest rates are ineffective at curbing inflation in the country's unique economy and risk slowing growth.
◆ ◆ The Wire takeaway
The Nigerian government is publicly fighting its own Central Bank over interest rates. Your cost of capital and growth forecasts are now caught in a political battle between the executive's push for growth and the CBN's focus on stability.
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nigeriamonetary-policyinterest-rateseconomic-growthcentral-bank