Professional services firm, Deloitte, is predicting a persistence reduction in interest rates in 2025 on the back of a sustained disinflationary trend. It is thus forecasting an end-year policy rate of 22.5% in 2025. This will come as a huge relief for households and businesses as cost of borrowing willContinue Reading
African banks will remain exposed to domestic and global operating environment risks in 2025, Fitch Ratings has disclosed. It pointed out in its African Banks Outlook 2025 report that while most countries are showing a good degree of resilience, a fall in commodity prices cannot be ruled out. It addedContinue Reading
The US central bank has cut interest rates for a third time, despite concerns that the move will deliver a boost to the economy that risks reigniting inflation. The decision was expected, setting the Federal Reserve’s key lending rate in a target range of 4.25% to 4.5%. That is downContinue Reading