Economics
What Africa's Central Banks Will Discuss in the Next Ten Days
- Nigeria, Zambia, South Africa, Ghana, Kenya, Angola expected
- Officials may move to tighten policy to avoid asset sell-off
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A plunging oil price gives African central banks more to think about as they move toward a cycle of raising interest rates.
With a month to go before the U.S. Federal Reserve delivers what would be its fourth interest-rate increase of the year, African policy makers may still move to tighten to avoid a further sell-off of assets and currency weakness. Oil importers will see reduced pressure on inflation as fuel prices moderate, while those that export could see more inflation if their currencies drop.