Nigeria central bank expects below-target inflation in 2014

LAGOS, Sept 19 Thu Sep 19, 2013 6:20am EDT

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LAGOS, Sept 19 (Reuters) - Nigeria's central bank expects inflation to remain below its single-digit target throughout 2014, as it has this year, Deputy Governor Kingsley Moghalu said on Thursday.

He also said growth next year was projected at 7.6 percent, which compares with a rate this year of around 6.5 percent.

He added that better prudence meant the government would be able to keep Nigeria's fiscal deficit below 3 percent in 2014, as it has this year.


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