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Vol 63 No 20

Published 6th October 2022


Interest rate pressures mount across region

Six African central banks hiked rates in September responding to faltering currencies and rising food and fuel prices

A concatenation of economic, financial and environmental pressures – ranging from the strengthening United States dollar, Moscow's invasion of Ukraine, slowing growth in China and Europe, and extreme weather destroying harvests – are pushing Africa's central banks to raise interest rates.

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