The South Africa Reserve Bank and Bank of Ghana joined the Federal Reserve, Bank of England and Bank of Japan with interest-rate cuts recently. South Africa’s reduction was the first in four years as it signaled a more optimistic outlook for inflation. Ghana lowered rates by more than expected after the pace of inflation slowed and is expected to cool further. Nigeria surprised financial markets by raising its key rate to a fresh record high to quell inflation, support the naira and attract investment. Yvonne Mhango from Bloomberg Economics reports on Africa Amplified.
Watch the full episode: https://youtu.be/Iloezh4ldX0
Sign up for the Next Africa newsletter, the ambitions of a continent of 1.3 billion — all in one place: https://bloom.bg/4aBkHtz
#bloomberg #bloomberg news #africaamplified #africa
——–
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/
Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/
More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
Author: Bloomberg Television
Go to Source
News post in October 6, 2024, 12:04 pm.
Visit Our Sponsor’s:
News Post In – News
