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View Full Version : Nigeria Likely to Keep Its Key Interest Rate at 7.5% to Stimulate Lending - Bloomberg



NewsWhore
05-23-2011, 11:40 AM
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Nigeria Likely to Keep Its Key Interest Rate at 7.5% to Stimulate Lending (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFG_kLx96ezE9iJHtPh2rLA6sxeNQ&url=http://www.bloomberg.com/news/2011-05-23/nigeria-likely-to-keep-key-interest-rate-at-7-5-percent-to-boost-lending.html)
Bloomberg
The bank has been defending the currency, keeping it within a range of between 3 percent above or below 150 per dollar at twice weekly auctions, in a bid to curb inflation in sub-Saharan Africa&#39;s second-biggest economy. The bank sold all of the foreign ...

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