Kenya, austerity and the IMF, SARB eyeing up cuts?

After being forced to withdraw the 2024/25 Budget, Kenya’s President Ruto outlined new fiscal plans today that will go some way towards easing concerns among investors and the IMF. Elsewhere, comments from South African Reserve Bank Governor Lesetja Kganyago this week suggested that, with the election out of the way and a government of national unity formed, the door for an interest rate cut before the end of this year is now ajar. 

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