African central banks due to decide on interest rates in the next three weeks are set to keep monetary policy tighter for longer to temper stubborn inflation.
After acting aggressively for more than a year, officials in Nigeria and South Africa may increase borrowing costs, while those in Kenya and Mozambique are likely to stand pat. Ghana was viewed as a toss up between hike and hold.
Read More : African Central Banks to Maintain Tighter Interest Rates for Extended Period