South Africa’s central bank warns of a bumpy road ahead for controlling inflation, acknowledging slower progress than expected in bringing inflation down to its target range. The bank is keeping interest rates high to combat inflation but warns of persistent public concerns and the impact of administered prices.
Interest Rates
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Nigeria is gearing up for another substantial rate hike as part of its aggressive measures to combat soaring inflation levels. The impending move reflects the government’s determination to rein in…
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Nigeria’s central bank has increased the interest rates on short-term debt obligations in a bid to attract foreign investors and stabilize the naira, the country’s currency. The Abuja-based Central Bank…
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South Africa’s retail sector, which has been struggling with low consumer spending and high inflation, could see some relief in the second half of 2024 as interest rates are expected…
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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…
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The U.S. dollar weakened on Monday as investors digested the cautious comments from Federal Reserve Chair Jerome Powell, who signaled that the central bank may be nearing the end of…
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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…
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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…
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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…
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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,…