The South African rand held steady in early trading on Monday, as investors cautiously navigated turbulent global markets. Amidst lingering uncertainty surrounding geopolitical tensions and economic indicators, the rand’s stability…
monetary policy
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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.
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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…