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.”
Esta historia es de la edición September 18, 2024 de The Citizen.
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Older hands add value
The next Rugby World Cup is three years away, in 2027, and much of the talk after the last event and now currently, has been about a number of the older guys in the Springbok squad and for how long they will continue playing for the world champions.
Stubbs happy to 'do his job'
Delivering one of the best international performances of his career, middle-order batter Tristan Stubbs (below) was relieved to carry his team over the line after guiding the Proteas to a three-wicket victory over India in the second T20 International in Gqeberha on Sunday night.
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Sinner cruises in finals opener
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Proteas women broaden the pool
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The 'incredibly tough men' will shine
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Dupont warns of All Black 'threat'
France superstar Antoine Dupont (right) said he was cautious of New Zealand's \"threat\" before the in-form All Blacks head to Paris on Saturday.
Gatland takes it on the chin
Warren Gatland (above) said he was unconcerned about his future as Wales coach after watching his team lose 24-19 to Fiji on Sunday in what was a record-equalling 10th successive Test defeat.
Poch prefers home-grown
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England keen to click
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