Rate cuts & healthy FX reserves pave way for next bull run in Africa's markets: Ryan Hoover, Portfolio Manager, Africa Capital Group

Rate cuts & healthy FX reserves pave way for next bull run in Africa’s markets

The sorry state of South African governance may be dominating headlines, but a closer inspection of Africa’s financial news reveals a heartening trend in the continent’s frontier economies.

Central banks are cutting interest rates. And a combination of moderate inflation rates and healthy foreign exchange reserves suggests that we could see rate-cutting continue for the remainder of the year.

The table below summarizes benchmark interest rates in countries that are home to sub-Saharan Africa’s most vibrant frontier stock markets.

Read more: Africa Capital Group LLC Rate Cuts, Healthy Forex Reserves Pave Way for Frontier Africa’s Next Bull Run – Africa Capital Group LLC

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