Ethiopia’s central bank raised the nation’s benchmark interest rate for the first time since its introduction two years ago to rein in inflation as it removed a cap on credit growth.
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Ethiopia’s central bank raised the nation’s benchmark interest rate for the first time since its introduction two years ago to rein in inflation as it removed a cap on credit growth.
Standard Chartered Plc. said that the Central Bank of Nigeria’s easing cycle will likely be slower and more cautious as inflation will be higher than anticipated and expectations remain unanchored.
Kenya is considering buying back as much as $500 million of its eurobonds to extend maturities and ease repayment pressures, according to people familiar with the plans.