Bloomberg News

Sanusi Plans ‘Appropriate’ Policy in Response to Budget: ThisDay

January 07, 2013

Nigeria central bank Governor Lamido Sanusi says bank will adopt “appropriate” monetary policy in response to budget after lawmakers raised benchmark oil price to $79/bbl from proposed $75/bbl, ThisDay newspaper reports. *Bank thinks $75 should be benchmark’s limit: Sanusi *It’s now up to president whether to approve the increase: Sanusi *Bank won’t comment before budget is signed, “but will adopt an appropriate monetary stance in response to whatever budget is passed”: Sanusi *Bank’s stance targets stable inflation rate, exchange rate and “healthy reserve buffer”: Sanusi

To contact the reporter on this story: Maram Mazen in Abuja at

To contact the editor responsible for this story: Nasreen Seria at

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