One new threat to the inflation outlook that the South African Reserve Bank highlighted at its policy meeting on Thursday was a higher country risk premium which is fuelling downward pressure on the rand. It’s hard to see the drivers of this fading any time soon, which increases the likelihood that interest rates stay high for a lengthy period. Elsewhere, Bola Tinubu will be sworn in as Nigeria’s president on Monday but we think that his time in office will only bring about marginal shifts away from unorthodox policymaking.
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