South Africa cuts rates despite mixed data
Despite lower inflation, the South African Reserve Bank took a measured step, lowering rates by 0.25%.
South Africa cuts rates despite mixed data Read More »
interest rates
West African central bank holds interest rates steady
The Central Bank of West African States (BCEAO) kept its main lending rate unchanged at 3.5% and maintained its inflation forecast for the region at 3.7% for 2024.
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Morocco’s growth forecast dips despite rate cut
The move aims to stimulate economic growth, but a decline in farming output could lead to a slowdown.
Morocco’s growth forecast dips despite rate cut Read More »
Nigeria’s central bank aggressively hikes rates to combat inflation
Nigeria’s central bank hikes interest rates to a record 24.75% to battle soaring inflation above 30%.
Nigeria’s central bank aggressively hikes rates to combat inflation Read More »
Investor demand pushes Bitcoin above record $70,000
Fueled by a surge in investor demand and anticipation of lower interest rates, Bitcoin skyrockets to a record high above $70,000.
Investor demand pushes Bitcoin above record $70,000 Read More »
Foreign investors return to Egyptian Treasury bills after rate hike
Foreign investors return to Egyptian treasury bills after a long absence, drawn by high yields following a central bank rate hike and currency depreciation.
Foreign investors return to Egyptian Treasury bills after rate hike Read More »
Egypt devalues Pound, secures $8 billion IMF loan
Facing economic challenges, Egypt secures a boosted $8 billion loan deal from the IMF to support its reform program.
Egypt devalues Pound, secures $8 billion IMF loan Read More »
Gold stalls at peak as investors look to Fed chief
Gold holds steady at a near three-month high as investors wait for clues from the Fed.
Gold stalls at peak as investors look to Fed chief Read More »