Iran War Risk Pushes African Central Banks to Hold Rates Higher– financialpost.com

“It is very unlikely that the CBN would restart monetary easing as long as inflation expectations remain elevated,” said Gergely Ürmössy, emerging markets strategist at Societe Generale SA. “In the CBN’s latest inflation survey, over half of respondents expected inflation to accelerate over the next six months; in March, before domestic fuel and energy prices spiked, roughly 60% expected inflation to hold steady or decelerate.”