Africa Rate Decisions: South Africa, Ghana Cut; Nigeria Hikes
Africa Rate Decisions: South Africa, Ghana Cut; Nigeria Hikes
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…
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I hate the term "inflation cycle".
Inflation rate insinuates inflation is a normal part of the business cycle when it's a man made product created by central banks, commercial banks and governments for their benefit and a few other people connected to them.
The economic model the west has given us has set us up to fail.
Didn't know "Africa" was a country.
No discussion on Rwanda?
Ive been saying for years, when south africa begins to fall, the rest of world, including the United States will follow.
4 goats now equivalent to one cow.
IMF will recommend actions to western trained policy makers in Africa, then use the media to discuss their actions as tho they were independent
Use this cycle to retire debt
Let's stop cutting interest rates, the economy has been overheating already. Stocks are up jobless rate is down inflation is up GDP is up. There is no such need to keep interest rates low.
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