African central banks set to hold rates as currency risks weigh
The flurry of decisions from the monetary authorities will likely see South Africa, Egypt, Morocco and Ghana keep rates steady.
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The flurry of decisions from the monetary authorities will likely see South Africa, Egypt, Morocco and Ghana keep rates steady.
The economic calendar on the continent is quite eventful this week with PMI numbers from Zambia and Mozambique still outstanding, inflation figures due from Mauritius and Uganda’s rates decision scheduled for Thursday.
Nigeria, South Africa and Ghana are among those projected to raise borrowing costs.
Output fell 7.4% to 364,089 tons in the first half of 2022, data from the Zambia Chamber of Mines showed.
Lusaka - Zambia: Zambia’s economic-growth targets for this year are looking shaky as its copper production plunges along with prices of the metal it relies on