Hawkish rhetoric from South Africa’s MPC suggests that another rate hike is likely in Q1. But the divided MPC’s appetite for further tightening will dissipate if – as we expect – inflation eases in mid-2019. Tanzania’s president continued his run of erratic policy announcements this week, while Ethiopia’s reformist premier took a big step towards opening up the political system.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.