Stronger local currencies across sub-Saharan Africa are cooling inflation and easing business cost pressures, paving the way for central banks to begin cutting interest rates after years of policy tightening, new data from S&P Global Market Intelligence show.
Currency appreciation has helped slow business costs to their weakest pace since the pandemic, with five of the seven African economies tracked by S&P Global’s Purchasing Managers’ Index (PMI) surveys — including Nigeria, Ghana, Zambia, Kenya, and South Africa — recording gains
Currency appreciation has helped slow business costs to their weakest pace since the pandemic, with five of the seven African economies tracked by S&P Global’s Purchasing Managers’ Index (PMI) surveys — including Nigeria, Ghana, Zambia, Kenya, and South Africa — recording gains
Stronger local currencies across sub-Saharan Africa are cooling inflation and easing business cost pressures, paving the way for central banks to begin cutting interest rates after years of policy tightening, new data from S&P Global Market Intelligence show.
Currency appreciation has helped slow business costs to their weakest pace since the pandemic, with five of the seven African economies tracked by S&P Global’s Purchasing Managers’ Index (PMI) surveys — including Nigeria, Ghana, Zambia, Kenya, and South Africa — recording gains
