Central Banks
Ghana Set for World’s Biggest Rate Hike So Far This Year: Day Guide
- Most economists in Bloomberg survey see 200 basis-point hike
- Nation has third most negative real rate in the world
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Ghana is poised to extend its steepest-ever phase of interest-rate hikes on Monday to put a lid on lofty inflation and shore up its currency.
Most economists surveyed by Bloomberg predict the monetary policy committee will lift the key rate by 200 basis points, one forecasts an increase of 250 basis points and two a hold. The MPC has already doubled interest rates since November 2021 as it deals with it worst inflation shock in decades.