Posted 11/25/2023, 11:40:07 AM
Nigeria Central Bank Commits to Tightening Policy to Curb Inflation, Steady Naira
- Nigeria's central bank pledges major changes to get inflation under control and steady currency
- Bank to switch to inflation targeting rather than trying to control money supply
- Policymakers to tighten monetary conditions over next 2 quarters to manage inflation
- Bank working to clear backlog of dollar demand that has weighed on naira
- Central bank governor signals willingness to defend autonomy and embrace orthodox policies