How African central banks are abating the Covid-19 crisis
Most of the continent’s monetary policy committees meet over the next two weeks; here’s what's likely to happen
After emergency meetings and aggressive interest-rate cuts to buffer their economies against the effect of the coronavirus pandemic, some central bankers in Sub-Saharan African economies may follow a more measured approach when they sit down for their deliberations in the next two weeks.
While monetary policy committees (MPC) in SA and Kenya will probably take advantage of scope to lower rates even further, those in Nigeria and Zambia may continue to buck the global trend by holding. Zambia may even mull a rate hike...