DR Congo bans dollar cash transactions in new policy
Policy aims to curb money laundering and reduce reliance on US dollar, which dominates most everyday transactions across DR Congo.
DR Congo bans dollar cash transactions in new policy Read More »
Monetary Policy
Kenya’s central bank cuts key rate to boost economy
In its sixth consecutive rate cut, the Central Bank of Kenya reduced the benchmark rate to 9.75 percent to stimulate private sector activity.
Kenya’s central bank cuts key rate to boost economy Read More »
South African central bank trims rate as inflation stays subdued
With inflation easing further South Africa’s Reserve Bank reduced its key interest rate by 25 basis points.
South African central bank trims rate as inflation stays subdued Read More »
Nigeria’s inflation rate falls sharply following rebase
Nigeria’s annual inflation rate dropped significantly to 24.48% in January after the country’s statistical agency rebased the Consumer Price Index for the first time in over a decade.
Nigeria’s inflation rate falls sharply following rebase Read More »
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 »
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 »