Bloomberg News

Nigerian Central Bank Raises Key Interest Rate to 12%

October 10, 2011

Oct. 10 (Bloomberg) -- Nigeria’s central bank increased its key lending rate by 275 basis points to 12 percent, Governor Lamido Sanusi told reporters in Abuja in comments that were broadcast by Johannesburg-based CNBC Africa.

The median forecast of 11 economists in a Bloomberg survey was for the rate to rise to 10.25 percent

To contact the editor responsible for this story: Vernon Wessels at vwessels@bloomberg.net


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