These 5 African central banks are expected to keep their benchmark interest rates on hold, amid economic turmoil - Business Insider Africa


5/16/2022 12:00:00 AM2 years 11 months ago
by Emmanuel Abara Benson

As the monetary policy committee (MPC) members in eight African countries meet later this month, five central banks are projected to retain benchmark interest rates at their current levels, even as three others are poised to raise theirs.

Speaking to Bloomberg, a Sub-Saharan Africa Economist at the Bank of America, Tatonga Rusike, said the likes of Zambia and Kenya would leave their benchmark interest rates unchanged, seeing as inflat… [+2278 chars]

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