Interest rate

Nigerian MPC to Retain Status Quo for Later Devaluation?

Posted on by The Editorial Team
Nigerian MPC to Retain Status Quo for Later Devaluation?

Lagos, Nigeria (Capital Markets in Africa):- In light of the recent happenings in the monetary and fiscal policy space, the Monetary Policy Committee (“MPC”or “The Committee”) will be sitting on the 18th and 19th May, 2015 for its third meeting in the year to discuss and take critical policy decisions relating to the economy. In the plethora of issues to be considered, the recent pressure on exchange rate, declining external reserves, rising price level and…

Read More

Rwanda holds rates at 6.5 pct, inflation seen in check

Posted on by The Editorial Team

KIGALI (Reuters) – Rwanda’s central bank held its key repo rate at 6.5 percent on Thursday, Governor John Rwangombwa said, adding inflation had been low in the past two months and was not expected to exceed 3.5 percent by the end of 2015. Rwanda’s urban year-on-year inflation rate fell to 0.7 percent in February from 1.4 percent the previous month, which the statistics bureau had said was due to a drop in transport costs. “Despite…

Read More

Nigeria holds rates at 13 pct, worried by economic growth outlook

Posted on by The Editorial Team
Nigeria holds rates at 13 pct, worried by economic growth outlook

ABUJA (Reuters) – Nigeria’s central bank left its benchmark interest rate unchanged at 13 percent as expected on Tuesday, saying tight monetary policy should offset the inflationary effects of elevated spending ahead of a March 28 election. Governor Godwin Emefiele said the Monetary Policy Committee was also satisfied with the bank’s attempts to stabilise the naira, which has come under major pressure in the last six months due to the collapse in oil prices. The…

Read More

Tunisia keeps rates on hold, currency reserves rise in February

Posted on by The Editorial Team

TUNIS (Reuters) – Tunisia’s central bank kept its benchmark interest rate on hold at 4.75 percent on Thursday but said that, despite progress in the political process, economic indicators were still “negative” in major sectors such as industry and tourism. Foreign currency reserves rose to 14.974 billion dinars ($7.73 billion) in February, it said, with a billion-dollar bond sold last month to cover the 2015 budget deficit. Reserves on Feb. 25 of 14.974 billion dinars…

Read More

Ghana: Bank of Ghana Maintains Policy Rate at 21%

Posted on by The Editorial Team
Ghana: Bank of Ghana Maintains Policy Rate at 21%

In line with our expectation, the Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) maintained the policy rate at 21%, continuing the tight monetary stance. Inflation for Jan-15 eased for the first time in 16 months by 60bps to 16.4%, weighed down by the declining crude oil price and a relative stability in exchange rate and utility prices. Despite the downward pressure from the low crude oil price and improved inflation expectations, the…

Read More
1 … 6 7 8