Market News
Central banks of Ghana and Kenya to pause rates in coming days until May: Reuters poll
By Vuyani Ndaba
JOHANNESBURG, March 27 (Reuters) - The Bank of Ghana and the Central Bank of Kenya will pause cutting interest rates at their upcoming meetings and resume in May, a Reuters poll found on Thursday, as inflation challenges in the region suggest a cautionary stance for policymakers.
While central banks in countries directly in the firing line of U.S. President Donald Trump's import tariffs pause or end cutting cycles, some in Africa are expected to cut between 125-400 basis points (bps) this year.
