Wilson Chimoco News Today

Those with acute currency weakness and brisk inflation such as Nigeria and Angola are poised to raise rates.

The flurry of decisions from the monetary authorities will likely see South Africa, Egypt, Morocco and Ghana keep rates steady.

Most African central banks due to decide on interest rates in the next two weeks are set to keep them on hold as decades-high inflation eases after more than a year of tightening. Those such as in Egypt, Kenya and Mozambique may also factor into their decisions a drop in global commodity prices and the unwinding of supply constraints. Expectations that the US Federal Reserve may pause its most aggressive hiking cycle since the 1980s, which could weaken the dollar and boost their currencies, will...

Although SA and Nigeria are expected to hike.

Nigeria, South Africa and Ghana are among those projected to raise borrowing costs.

The central banks of Nigeria, South Africa and Egypt are among six likely to tighten monetary policy in the days ahead.

Countries like South Africa and Kenya, which are more connected to global markets through asset flows, are poised to raise borrowing costs.

South Africa’s central bank will raise its benchmark interest rate this week. The only question is by how much?

Africa’s growth recovery is a lot slower and weaker, and implies that central banks have to be a lot more cautious when it comes to the tightening, said Yvonne Mhango.

(Bloomberg) -- Central banks in some of Africa’s biggest economies will likely look past high inflation and U.S. policy tightening and hold interest rates over the coming weeks to shore up their recoveries from the Covid-19 stasis. Since monetary policy makers on the continent last met, U.S.