Central Bank of Nigeria Hikes Rate 50bps to 9.25%

The Central Bank of Nigeria raised its monetary policy interest rate by 50 basis points to 9.25% from 8.75% previously. The Bank also increased the key borrowing and lending rates by 50bps to 7.25% and 11.25% respectively. Bank Governor, Lamido Sanusi, said: "Concerns remain about sustaining the current inflation trend. The anticipated high liquidity in the near future would have a bearing...