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17 September, 201017 September, 2010 0 comments Uncategorized Uncategorized

"(Bank lending) is a major worry because we would like to get more money into the real economy," Central Bank Governor Lamido Sanusi told Reuters in an interview on the sidelines of a conference in London. "Bank lending has not been growing as fast as we would like it to grow. So as far as upside risk to inflation, it is not very high," he said, speaking ahead of a monetary policy committee (MPC) meeting next Tuesday. He noted however higher government spending, with elections due next January, and the establishment of an asset management company (AMCON) to soak up bad bank loans should help put more money into the system, meaning the inflation risk was not zero.

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