I’m Monique Vanek, African business and government editor in Johannesburg. Today we look at how some of Africa’s largest economies are haunted by the specter of longer-term higher interest rates. Send us feedback and tips to [email protected] or contact us on X (formerly known as Twitter) via @economics. And if you haven’t signed up for the newsletter yet, you can do so here.
(Note: Economics Daily will be on hiatus November 23-24.)
For a time, it appeared the monetary policies of Africa’s largest economies and the world’s most advanced nations were aligning as both embarked on their most aggressive cycles of interest rate hikes in decades to combat inflation.