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CBN keeps printing cash to finance deficit, says EIU

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Business Day

The Central Bank of Nigeria has continued to print money to finance the federal government’s budget deficit, a development that may undermine its ability to tame inflation, the Economist Intelligence Unit (EIU) has said. The EIU noted that the CBN tightened monetary policy with a 150-basis-point hike in the policy rate in May 2022 as […] read more CBN keeps printing cash to finance deficit, says EIU

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