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Economist Professor Peter Quartey has backed the Bank of Ghana’s decision to maintain the policy rate at 14%.
Economist Professor Peter Quartey has backed the Bank of Ghana’s decision to maintain the policy rate at 14%.
Money market rates in Nigeria have declined as increased banking system liquidity rose to N7.45tn, pushing short-term funding costs lower.
The dollar has achieved consecutive weekly gains for the first time in over three months, bolstered by rising Treasury yields.
Risk assets are being squeezed by a dramatic selloff in global bonds, as inflation worries and fiscal strains push investors to demand ever-higher returns.
