Skip to main content

Nigeria spending, debt problems, South Africa CPI

Sovereign debt restructuring discussions between Zambia and Ghana and their bilateral creditors have been encouraging, but challenging talks with private lenders remain. Meanwhile, Nigeria’s government dispensed cash hand-outs to cushion the effects of high inflation, which will increase further after the naira fell again this week. But further spending means Nigeria will continue to struggle to manage its public finances. Finally, South African inflation jumped last month which, together with the hawkish tone of the Monetary Policy Review, underscore that policymakers are unlikely to turn to monetary easing anytime soon.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services

Get access