Economics
What Africa’s Key Central Banks Will Discuss in the Next 10 Days
- Rate-setting panels will keep an eye on the U.S. Fed
- South Africa, Ghana, Nigeria, Kenya and Angola to set rates
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Central banks in sub-Saharan Africa’s key economies will take direction from U.S. Federal Reserve Chairman Jerome Powell when they make calls on interest rates in the next 10 days.
Since the Monetary Policy Committees last met, South Africa’s statistics agency said that economy contracted the most in a decade in the first quarter, Nigeria passed measures to compel banks to boost lending and a drought in Kenya pushed up inflation.