African central banks are escalating their fight against blistering inflation and currency weakness, with four out of six MPCs likely to raise interestrates in the next two weeks. Moneyweb Africa economy
African central banks are escalating their fight against blistering inflation and currency weakness, with four out of six monetary policy committees likely to raise interest rates in the next two weeks. The banks’ deliberations will probably continue to center around surging food, fertiliser and energy costs stemming from supply shortages caused by Russia’s war with Ukraine.
Of 20 economists in a Bloomberg survey, 13 including Worthington predict a second consecutive half-point increase, with the rest expecting a bigger 75 basis-point hike. Investors have fully priced in a half-percentage point move, but see a chance of a bigger increase. Ghana, July 25 After the Bank of Ghana raised its key rate by 450 basis points this year, Africa’s second-most aggressive central bank, after Zimbabwe, will probably pause its hiking cycle.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FF Plus - 'Farm murders in South Africa are out of control' - South Africa TodayAlheit Smit (77), discovered the bodies of his wife, Sisi, his seventeen-year-old stepson and the five female employees
Read more »
South Africa/Zambia: Stoppage-Time Motlhalo Penalty Sends South Africa in WAFCON FinalSouth Africa reached the final of the 2022 Total Energies Women's Africa Cup of Nations after overcoming Zambia 1-0 in Casablanca on Monday.
Read more »
Women’s Africa Cup of Nations match report Zambia v South Africa 18 July 2022BREAKING! Banyana Banyana have advanced to Women’s Africa Cup of Nations final after defeating Zambia 1-0 on Monday night. SLInt MORE:
Read more »
Women’s Africa Cup of Nations match report Zambia v South Africa 18 July 2022🇿🇦🇿🇦🇿🇦 Banyana Banyana booked their spot in the 2022 Women’s Africa Cup of Nations final after snatching a 1-0 victory over Zambia on Monday night. Read more ➡️
Read more »
South Africa: Historic Tea Payment Made to South African TribesTwo tribes in South Africa, the Khoi and the San, have received their first payment for the sale of the indigenous rooibos plant, grown mainly for tea. The Rooibos Tea Council, representing businesses, paid the tribes more than $700,000 as part of a benefit-sharing agreement.
Read more »