Interest rate |

Malawi Central Bank Policy Interest Rate at 25% in February

LILONGWE, Malawi, Capital Markets in Africa — Reserve Bank of Malawi Monetary Policy Committee (MPC) met on 4th February 2015 and decided to maintain the Policy Rate at 25 percent and Liquidity Reserve Requirement (LRR) at 15.5 percent, according to statement on the central bank website. The Bank estimated the country real GDP growth at 6.3 percent for 2014, largely driven by the agricultural sector. For 2015, economic growth was earlier projected at 5.8 percent,…

Nigerian Central Bank keeps interest rate at 11%, turns deaf hear to currency devaluation …

Posted on by The Editorial Team

ABUJA, Nigeria, Capital Markets in Africa — Nigeria’s central bank Monetary Policy Committee (MPC) held the policy rate at 11 percent after lowering it from a record 13 percent in November 2015, Governor Godwin Emefiele informed reporters on Tuesday in Abuja, the capital. That was in line with economists and analysts expectations. Emefiele said the twelve members of the bank’s Monetary Policy Committee voted unanimously to keep the rate unchanged. The bank also held the cash reserve…

Bank of Ghana retains policy rate at 26 percent, slower inflation …

Posted on by The Editorial Team

ACCRA, Ghana, Capital Markets in Africa — The Bank of Ghana kept its policy rate unchanged at 26 percent on Monday, citing a slower pace of consumer price inflation, the central bank governor Dr Kofi Wampah stated in a press conference at the end of the Monetary policy Committee Policy meeting. Dr Kofi Wampah, announced that inflation rose to 17.7 percent in December 2015, up marginally from 17.6 per cent in November. “This indicates some…

Central Bank of Nigeria Holds Key Interest Rate at 13%

Posted on by The Editorial Team

Lagos, Nigeria (Capital Markets in Africa) :- The Central Bank of Nigeria (CBN) held its benchmark interest rate unchanged at 13 percent at the Monetary Policy Committee (MPC) meeting today.

Morocco Central Bank keeps interest rate on hold at 2.5 percent

Posted on by The Editorial Team

Casablanca, Morocco (Capital Markets in Africa):- Morocco’s central bank, or Bank Al-Maghrib, kept its benchmark interest rate unchanged at 2.5 percent on Tuesday, saying that inflation would remain consistent with price stability targets. Inflation is expected to reach 1.5% in 2015 and 1.4% on average over the next six quarters. However, there are external uncertainties over oil prices, according to the central bank. A decline in global oil prices revived Morocco’s public finances and slashed…

Nigerian MPC harmonizes CRR on Banks’ Deposits to 31.0%

Posted on by The Editorial Team

Lagos, Nigeria (Capital Markets in Africa):- The Monetary Policy Committee (MPC) at its 244th meeting decided to harmonize the Cash Reserves Requirement (CRR) on public and private sector deposits to 31.0%. The effect of macroeconomic issues in the global space were considered and analysed with the conclusion that no near term external shock is expected to affect the domestic economy. The growth potential of the domestic economy was reported weak but did not call for a…

Nigeria MPC Meeting: Economists Say Slow Growth, High Inflation, Naira Value Will Top Agenda

Posted on by The Editorial Team

When members of the Central Bank of Nigeria’s Monetary Policy Committee (MPC) meet for their 244th meeting in Abuja tomorrow, economic experts believe the key policy considerations will be the current stagnation in the nation’s growth rate, high inflation, naira volatility, precarious state of the nation’s external reserves and anxiety over the policy thrust of the incoming administration. Speaking in separate interviews, the economic experts also explained that although the committee may not want to…

« 1 … 5 6 7 8 »