Central Bank of Kenya lowers rate to 9.75%
Kenya’s central bank has lowered its key lending rate to 9.75 percent to promote economic growth and support lending to the private sector.
Central Bank of Kenya lowers rate to 9.75% Read More »
interest rates
SA central bank cuts rate as inflation stays low
South Africa’s central bank made a modest rate cut after April inflation undershot the target range again.
SA central bank cuts rate as inflation stays low Read More »
Kenya central bank cuts interest rate again to boost growth
The Central Bank of Kenya cut its key interest rate for the fourth consecutive meeting on Wednesday, aiming to stimulate economic growth. The Monetary Policy Committee lowered the Central Bank Rate by 50 basis points to 10.75%. The Kenyan economy has faced challenges, including the impact of the COVID-19 pandemic and a recent drought. While the economy showed signs of recovery, growth has slowed. The rate cut is expected to encourage lending, boost investment, and stimulate economic activity. However, the bank acknowledged potential risks, such as higher-than-expected inflation and a worsening global economic environment. This action reflects the central bank’s commitment to supporting economic growth while maintaining price stability.
Kenya central bank cuts interest rate again to boost growth Read More »
South Africa’s central bank lowers interest rate to 7.75 percent
The South African central bank cautiously reduced its key interest rate by 0.25% to 7.75%, reflecting lower inflation but acknowledging future uncertainties like global trade and policy changes.
South Africa’s central bank lowers interest rate to 7.75 percent Read More »
Inflation outlook remains stable for West African states
The Central Bank of West African States (BCEAO) held its main lending rate unchanged at 3.5% in its latest monetary policy decision.
Inflation outlook remains stable for West African states Read More »
Morocco cuts interest rate as inflation falls
Morocco’s central bank reduced interest rates to counter falling inflation but predicts slightly lower economic growth due to a decrease in farming output.
Morocco cuts interest rate as inflation falls Read More »
Central bank of Nigeria raises interest rates
This decision marks a continuation of the bank’s efforts to combat surging inflation.
Central bank of Nigeria raises interest rates Read More »
Nigeria central bank raises interest rates to 24+ pct to curb inflation
Nigeria’s central bank raised interest rates to a record high to combat inflation exceeding 30%, following government reforms that caused price pressures.
Nigeria central bank raises interest rates to 24+ pct to curb inflation Read More »
Bitcoin surges past $70,000 for first time
Bitcoin reached a record high above $70,000 driven by investor demand for new crypto ETFs and expectations for lower interest rates, despite remaining volatility.
Bitcoin surges past $70,000 for first time Read More »
Egypt sells T-bills at high yields, attracting foreign investors back
Egypt’s central bank auction sees strong demand for treasury bills with yields exceeding 30% after interest rate increase and Egyptian pound devaluation.
Egypt sells T-bills at high yields, attracting foreign investors back Read More »