Tag: rate cut
South Africa’s economy will contract sharply this year as activity is hit by the coronavirus outbreak, despite expectations the central bank will cut interest rates again in May, a Reuters poll found on Monday.
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has hinted that there might be no rate cut this year till 2020 pending a visible downward trend in inflation. To discuss this and other stories making the rounds in Nigeria at this hour, Niyi Falade, CEO of Crusader Sterling Pensions joins CNBC Africa for more.
Federal Reserve Chairman Jerome Powell has hinted at a possible rate cut in his testimony to the House Financial Services Committee (HFSC), noting that it would be an appropriate move if the trade spat was slowing down the economy. Meanwhile, Nigeria’s equities market was down 0.2 per cent on Wednesday. Robert Omotunde, Head of Investment Research at Afrinvest Securities joins CNBC Africa for more.