African central banks set to hold rates as currency risks weigh

African central banks meeting in the next three weeks are mostly set to hold interest rates while leaving hikes on the table, amid risks to their currencies from higher borrowing costs in advanced economies and their own domestic challenges.

The flurry of decisions from the monetary authorities will likely see South Africa, Egypt, Morocco and Ghana keep rates steady. Nigeria, Angola and Kenya are expected to confront currency weakness by lifting borrowing costs.

Source: Moneyweb