Image Credit: EBRD September 26, 2024/EBRD By Ksenia Yakustidi Output in the EBRD regions for 2024 revised down by 0.2 percentage points to 2.8 per cent Disinflation continues, with inflation down to 5.8 per cent Real wages resume rapid growth, almost catching up with pre-Covid trend levels and boosting household […]
OPINION/EDITORIAL
The AfDB at 60: Celebrating Africa’s Development and Planning for the Future
In 1964, 25 African states meeting in Sudan agreed that the continent needed a multilateral institution that would drive development and poverty reduction in the continent. Image : SIMON MAINA/AFP September 26, 2024/AfDB By Kwame Ofori Appiah This article is sponsored by AFDB The resulting institution, the African Development Bank, […]
Post MPC Meeting: Policymakers Tightened with +50bps HIKE in Monetary Policy Rate
September 25, 2024/United Capital Research The 297th Monetary Policy Committee (MPC or the Committee) meeting held on 23 and 24 Sept-2024 saw a hike in Monetary Policy Rate (MPR or benchmark interest rate). The benchmark interest rate was increased by another +50bps from 26.75% to 27.25%. Notably, the banks were […]
