For the rest of 2018 and towards mid2019 Nigeria’s rate of inflation is projected to rise slightly to about 11.4 percent and then moderate thereafter; • Exchange Rate: Though the CBN has so far managed to maintain exchange rate stability, the current capital flow reversals from emerging markets is expected to continue to exert considerable pressure on market rates.
BIS central bankers’ speeches  3  Updating U.S. dollar LIBOR Let me first address the efforts the Federal Reserve is considering, in cooperation with the LIBOR administrator and U.K. authorities, to update the mechanics of U.S. dollar LIBOR. Our aim is to make LIBOR more robust and more representative of current bank funding costs.