Africa Rate Decisions: South Africa, Ghana Cut; Nigeria Hikes

The South Africa Reserve Bank and Bank of Ghana joined the Federal Reserve, Bank of England and Bank of Japan with interest-rate cuts recently. South Africa’s reduction was the first in four years as it signaled a more optimistic outlook for inflation. Ghana lowered rates by more than expected after the pace of inflation slowed and is expected to cool further. Nigeria surprised financial markets by raising its key rate to a fresh record high to quell inflation, support the naira and attract investment. Yvonne Mhango from Bloomberg Economics reports on Africa Amplified.

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