Will African central banks keep on cutting interest rates?
Very few countries have space to ease monetary policy further, given continued exchange-rate pressures and rising inflation, one economist says
20 July 2020 - 16:37
After aggressive interest-rate reductions to shore up their economies against the havoc wrought by the coronavirus pandemic, central bankers in most Sub-Saharan African countries will ask themselves whether the cutting cycle is over when they meet over the next nine days.
SA's monetary policy committee may take advantage of the scope to lower its benchmark rate even further, while those in Nigeria, Angola, Ghana and Kenya contend with currency weakness and rising consumer prices...
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