Nigeria c.bank head says inflation risks still high

DAKAR, June 20 – Nigeria’s Central Bank Governor Lamido Sanusi said on Monday that inflation risks in Africa’s most populous state remained high and that there was no choice but to focus on tightening monetary policy. Sanusi said high food and fuel prices, coupled with high government recurrent spending, meant overall inflation would be a concern in the near-term.

 

Source: Reuters Africa newsletter

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