Nigeria: rate hike risks easing, FX rules surprise

Policymakers in Nigeria kept their benchmark rate on hold at 11.50% at today’s MPC meeting and, if we’re right in expecting the economic recovery to disappoint, policy settings are likely to remain unchanged for some time. Meanwhile, the announcement on changes in foreign exchange provision reaffirms our view that Nigeria’s heavily controlled FX system is not going anywhere either.
Virag Forizs Emerging Markets Economist
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Africa Economics Weekly

Ghana struggling with debt, oil price winners and losers

The sharp rise in Ghana’s sovereign dollar bond yields this month suggests that investors are coming around to our view about the country’s worrying debt trajectory. Meanwhile, the rebound in oil prices will, as usual, split Sub-Saharan African economies into winners and losers. But the region’s oil producers will probably not be able to reap the full benefits from higher prices.

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Africa Data Response

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20 October 2021

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Vaccines and variants in SSA, post-unrest fallout in SA

A boost to vaccine supplies in Sub-Saharan Africa is likely to breathe some fresh air into struggling vaccine campaigns across the region at a time when third waves are sweeping across key economies. Meanwhile, although unrest in South Africa has fizzled out in the past week, there are early signs that it will leave a lasting economic effect

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Dovish SARB to keep rates low for some time

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Africa Data Response

South Africa Consumer Prices (Jun.)

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21 July 2021
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