Africa's largest economies maintain key interest rates amid inflation assessments; Nigeria's rate uncertain.

Africa's largest economies, including Egypt, South Africa, Morocco, Kenya, and Ghana, are expected to maintain their key interest rates over the next two weeks as they assess risks to inflation from domestic and global factors. Nigeria's rate decision remains uncertain. The central banks in these countries are diverging from emerging market peers in Latin America and Europe, as they maintain tight monetary policies to address persistent inflation.

March 19, 2024
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