Ghana holds its policy rate at 14% due to rising inflation fears
Governor Johnson Asiama confirms that global conflicts have created new domestic inflationary risks.
Ghana holds its policy rate at 14% due to rising inflation fears Read More »
interest rates
Uganda pauses rate hikes despite rising inflation from Iran war
Uganda keeps benchmark rates unchanged as Governor Atingi-Ego monitors the impact of Iran wars.
Uganda pauses rate hikes despite rising inflation from Iran war Read More »
South Africa holds rates steady as conflict fuels price volatility
War in the Middle East increases uncertainty, with South Africa central bank cautious on easing amid rising inflation pressures.
South Africa holds rates steady as conflict fuels price volatility Read More »
South Africa will revise risk scenarios as oil prices surge sharply
South Africa’s central bank will revise its risk scenarios for upcoming rate decisions, focusing on inflation and exchange rate impacts amid rising oil prices.
South Africa will revise risk scenarios as oil prices surge sharply Read More »
Egypt’s central bank cuts rates by 100 points as inflation eases
Egypt’s central bank cut overnight interest rates by 100 basis points, citing easing inflation and steady growth while flagging risks from non-food prices and fiscal measures.
Egypt’s central bank cuts rates by 100 points as inflation eases Read More »
Egypt’s economy rebounds sharply as exports rise and inflation falls
Egypt’s economy is set to grow strongly over the next three years as inflation falls, interest rates ease, and a weaker currency supports exports and tourism.
Egypt’s economy rebounds sharply as exports rise and inflation falls Read More »
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 »
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 »