Africa Rate Decisions: South Africa, Ghana Cut; Nigeria Hikes

The South Africa Reserve Bank and Bank of Ghana joined the Federal Reserve, Bank of England and Bank of Japan with interest-rate cuts recently. South Africa’s reduction was the first in four years as it signaled a more optimistic outlook for inflation. Ghana lowered rates by more than expected after the pace of inflation slowed and is expected to cool further. Nigeria surprised financial markets by raising its key rate to a fresh record high to quell inflation, support the naira and attract investment. Yvonne Mhango from Bloomberg Economics reports on Africa Amplified. Watch the full episode: https://youtu.be/Iloezh4ldX0 Sign up for the Next Africa newsletter, the ambitions of a continent of 1.3 billion — all in one place: https://bloom.bg/4aBkHtz #bloomberg #bloomberg news #africaamplified #africa -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts