inflation

Nigeria’s new central bank governor, Olayemi Cardoso, has unveiled his ambitious plans to tame the country’s soaring inflation and boost the value of its currency, the naira. Cardoso, who took …

  Nigeria, Africa’s largest economy and most populous nation, is facing a severe cost of living crisis as inflation reached a record high of 28.92% in December 2023, the highest …

The US dollar fluctuated against other major currencies on Tuesday as investors awaited the latest inflation report that could influence the Federal Reserve’s decision on interest rate cuts. The greenback …

The South African rand started the new year on a sour note, falling sharply against the U.S. dollar on Tuesday.   Based on a report by Reuters, the rand traded …

Egypt’s central bank kept its key interest rates unchanged on Thursday, citing a slowdown in economic growth and a moderation in inflation.   The Monetary Policy Committee (MPC) decided to …

Zambia’s central bank is expected to hike its policy rate for the third time this year on Wednesday, November 22, 2023, as the country grapples with a sharp depreciation of …

The South African rand gained against the dollar on Tuesday, as global risk appetite improved amid signs that the U.S. Federal Reserve may stop raising interest rates soon. The rand …

Africa’s largest economies are set to diverge from the global path of lower interest rates as they grapple with high inflation and currency pressures. While some countries such as Nigeria …

The Federal Reserve’s decision to stop raising interest rates has had mixed effects on global markets and currencies. Some investors are optimistic that lower rates will boost growth and earnings, …

Zimbabwe’s government has set a deadline of December 2025 to phase out the use of the US dollar in the economy, but many citizens and businesses are reluctant to embrace …