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    “A new platform to represent Botswana,” says Amos on his coaching role in Iran

    “A new platform to represent Botswana,” says Amos on his coaching role in Iran

    Karateka targets international titles

    Botswana gears up for high-stakes Gabs Open karate showdown

    Orange Botswana Awards P390,000 to Historic 4x400m Relay Champions, Coaches & BAA

    Orange Botswana Awards P390,000 to Historic 4x400m Relay Champions, Coaches & BAA

    Eppie’s breakthrough hints at a brighter future for Botswana’s 400m

    Eppie’s breakthrough hints at a brighter future for Botswana’s 400m

    Under Babitseng BFA will be transparent and accountable

    BFA slashes deficit and eyes bright future with financial reform and football revival

    Sports chief raises alarm over doping spike amid Region 5 triumph

    Sports chief raises alarm over doping spike amid Region 5 triumph

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Nigeria hikes policy rate to combat soaring inflation

mm by RMB Africa Research
July 20, 2022
in News
Reading Time: 1 min read
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Nigeria hikes policy rate to combat soaring inflation

Governor Godwin Emefiele

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To combat soaring inflation, the Central Bank of Nigeria hiked its policy rate by more than expected yesterday to 14 percent from 13 percent. The decision to hike was unanimous, although six members voted to raise by 100bp, three by 50bp and one each for increases of 75bp and 150bp. Governor Godwin Emefiele signalled the prospect of even higher borrowing costs, saying that “If inflation continues at this particularly aggressive rate, we will continue to tighten.”

Tags: Central Bank of NigeriaGodwin Emefiele

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