State of rates in Africa
The Citizen|September 18, 2024
Africa’s largest economies to make changes for first time in years.
State of rates in Africa

Central banks in two of Africa’s largest economies – South Africa and Nigeria – are set to change course on interest rates for the first time in years as inflation lets up. At least five others including Moroc

co’s and Ghana’s are poised to follow suit in adjusting their policy levers lower, with many seen undertaking small interest-rate cuts to anchor inflation expectations.

Angola is set to be among those that will join Nigeria, which has raised interest rates since May 2022, in keeping policy stances unchanged.

“African central banks will continue to make monetary policy decisions with one eye on the exchange rate,” said Citi chief Africa economist David Cowan.

“This will result in a cautious rate cycle across Africa for the rest of 2024 and into 2025, with central banks prepared to continue to run quite significantly real positive policy rates to limit currency depreciation.”

Diese Geschichte stammt aus der September 18, 2024-Ausgabe von The Citizen.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der September 18, 2024-Ausgabe von The Citizen.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS THE CITIZENAlle anzeigen
Breaking down the auction world
The Citizen

Breaking down the auction world

The South African Institute of Auctioneers (SAIA) has unveiled a groundbreaking new resource aimed at making auctions more accessible and less intimidating for everyone.

time-read
1 min  |
November 29, 2024
The Citizen

Breaking down the auction world

The South African Institute of Auctioneers (SAIA) has unveiled a groundbreaking new resource aimed at making auctions more accessible and less intimidating for everyone.

time-read
1 min  |
November 29, 2024
Discover hidden gems
The Citizen

Discover hidden gems

'NOVEMBER ART': SOME OF MOST INTRIGUING WORKS ON OFFER

time-read
2 Minuten  |
November 29, 2024
The Citizen

Race-by-race guide to Sha Tin meeting

Luke Middlebrook's early tips and race previews for Sunday's racemeeting at Sha Tin in Hong Kong

time-read
6 Minuten  |
November 29, 2024
Nahaash to bolster Costa's run
The Citizen

Nahaash to bolster Costa's run

Michael Costa, the top trainer in the Emirates this season, has dominated Jebel Ali's first two meetings, saddling seven winners at the Dubai track.

time-read
3 Minuten  |
November 29, 2024
Roberts hopes to See It Again
The Citizen

Roberts hopes to See It Again

IMPROVEMENT: TRAINER FEELS HIS CHARGE HAS COME ON MARKEDLY WITH GELDING

time-read
4 Minuten  |
November 29, 2024
BOWLING BLITZ
The Citizen

BOWLING BLITZ

JANSEN: TALL PROTEAS SEAMER RIPS INTO SRI LANKA

time-read
2 Minuten  |
November 29, 2024
Nabi bemoans Chiefs finishing
The Citizen

Nabi bemoans Chiefs finishing

Kaizer Chiefs head coach Nasreddine Nabi has reiterated that his side are nowhere near the level they are aiming for, after they beat Richards Bay 2-1 in the Betway Premiership on Wednesday.

time-read
1 min  |
November 29, 2024
The Citizen

Iga accepts doping ban

Paris French Open champion Iga Swiatek escaped with a onemonth suspension for a positive doping test after convincing the International Tennis Integrity Agency that it had not been intentional, the ITIA announced yesterday.

time-read
1 min  |
November 29, 2024
The Citizen

Proteas must work on bowling

After slipping in another defeat to England, all-rounder Chloe Tryon admitted the Proteas women's team were not good enough with the ball in the second T20 International in Benoni on Wednesday night.

time-read
1 min  |
November 29, 2024