World Bank warns CBN's monetary policy tightening may not effectively curb inflation in Nigeria.

The World Bank warns that the Central Bank of Nigeria's (CBN) tightening of monetary policy may not effectively curb inflation. In its Global Economic Prospects report, the bank rates Nigeria's economic growth at 3.3% in 2024 and forecasts a 3.5% growth in 2025, due to the current administration's reforms. However, the report points to the failure of CBN's monetary policy tightening as a risk to the outlook.

June 13, 2024
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