Economic Balancing Act: Rate Hikes Across Africa

Central banks across Africa, including Kenya and Nigeria, have raised interest rates to fight inflation and stabilize their economies. Nigeria’s rate hit 18%, aiming to reduce high inflation after several hikes since 2022. This move intends to make loans pricier and encourage savings, impacting living costs and goods’ affordability. Kenya surprised many by boosting its […]

One thought on “Economic Balancing Act: Rate Hikes Across Africa

Leave a Reply

Your email address will not be published. Required fields are marked *