Fourth consecutive rate cut by Kenya’s central bank
Kenya’s central bank cuts its key rate for the fourth consecutive time to support lending and boost economic growth.
Fourth consecutive rate cut by Kenya’s central bank Read More »
interest rates
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 »
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.
West African central bank holds interest rates steady Read More »
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 »