Eyes on EA central banks as continent’s big economies raise their lending rates
A protester outside the Central Bank of Kenya. Central banks’ interest rates have remained stable across East Africa over time, but some economists now say upward reviews might be inevitable given the global monetary environment. PHOTO | FILE
Business and Technology Reporter in Nairobi, Kenya
Nation Media Group
East Africans are watching their central banks as inflationary pressures push the continent’s and indeed the globe’s big economies to raise lending rates.
Nigeria, South Africa, Egypt and Ghana have recently increased their central bank rates citing the need to promote macroeconomic stability.
