Nigeria’s inflation overshoots World Bank projection by 20%

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DESPITE raising its Monetary Policy Rate (interest rate), Nigeria’s inflation rate is now 20 per cent above the World Bank’s projection of 15.5 per cent. In its recent ‘Nigeria Development Update (June 2022): The Continuing Urgency of Business Unusual,’ the global bank projected that Nigeria’s inflation rate was going to be higher than it had


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source https://punchng.com/nigerias-inflation-overshoots-world-bank-projection-by-20/

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