DailyMarkets.com - Nigeria Holds Rate, But Mulled Rate Cut On Benign Inflation

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Nigeria Holds Rate, But Mulled Rate Cut On Benign Inflation Posted: 21 Jan 2013 11:31 AM PST     Nigeria’s central bank held its benchmark Monetary Policy Rate (MPR) steady at 12.0 percent, as expected, but said two of its 10 committee members had voted for a 25 basis point rate cut in light of the benign outlook for inflation.     The Central Bank of Nigeria (CBN) said the monetary policy committee had considered the calls for a rate cut but decided the current level was “just about right” because the outlook for inflation “may be undermined by the increased … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Global Q3 Lending Stable, Euro Area Banks Retreating-BIS Posted: 21 Jan 2013 10:35 AM PST     International bank lending rose marginally in the third quarter of 2012 but the trend toward shrinking interbank business and the global retrenchment of euro area banks continued while credit to non-bank borrowers continued to grow, the Bank for International Settlements (BIS) said.     Cross-border loans by euro area banks have been declining since 2008 with their share of total foreign claims on the U.S. non-bank private sector dropping to 26 percent at the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

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