The Centeral Bank of Nigeria targets single digit Inflation rate.

The Centeral Bank of Nigeria targets single digit Inflation rate.

CBN had a prediction that inflation rate will fall to a single digit by the middle of next year 2018. 

The CBN Governor, Mr. Godwin Emefiele said that there is hopefullnes and confidence that food prices will surely come down, and it will help to improve the reduction in core inflation.

Inflation rate has been a major reason for bank’s high monetary policy rate.

Annual inflation in Nigeria slowed for an eighth month in September, easing to 15.98 per cent.

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