African central banks poised to hold rates as inflation softens

Most African central banks due to decide on interest rates in the next two weeks are set to keep them on hold as decades-high inflation eases after more than a year of tightening. Those such as in Egypt, Kenya and Mozambique may also factor into their decisions a drop in global commodity prices and the unwinding of supply constraints. Expectations that the US Federal Reserve may pause its most aggressive hiking cycle since the 1980s, which could weaken the dollar and boost their currencies, will be another consideration.

Related Keywords

Pretoria ,Gauteng ,South Africa ,Nairobi ,Nairobi Area ,Kenya ,Angola ,Lesotho ,Mocambique ,Zambéa ,Mozambique ,Lusaka ,Zambia ,Egypt ,Mauritius ,Russia ,Nigeria ,Ghana ,South African ,Wilson Chimoco ,Tony Mwiti ,Trevor Hambayi ,Patrick Asuming ,Farouk Soussa ,Hassan Abdalla ,Nicky Weimar ,Paribas Jeffrey Schultz ,Tahir Wahab ,Isaac Matshego ,Oyinkansola Samuel ,University Of Ghana Business School ,Nedbank Group ,Central Bank ,Rand Merchant Bank Usoro Essien ,Absa Bank Miyelani Maluleke ,Goldman Sachs Group ,African Reserve Bank ,Bloomberg ,Most African ,Governor Hassan Abdalla ,Goldman Sachs ,Banco Nacional De Angola ,Ghana Business ,West African ,Rand Merchant Bank ,Usoro Essien ,Absa Bank ,Miyelani Maluleke ,Jeffrey Schultz ,South African Reserve Bank ,Reserve Bank ,Banco De Mocambique ,