Bank of Ghana
Central Bank of Ghana’s Latest Rate Hike Is Smaller than the Previous Five Moves
January 30, 2023
In Ghana, where consumer price inflation soared from 12.6% at end-2021 to 54.1% last month, officials at the Bank of Ghana increased the policy interest rate from 14.5% coming into March 2022 to 27.0% by last November. The near doubling was accomplished in just five months, with increments of 250 basis points in March, October […] More
Share and Bond Prices Fall, Dollar Little Changed Ahead of Tuesday-Wednesday FOMC Meeting
January 30, 2023
U.S. equity futures point to a drop of around 1% at the opening bell. Share prices closed down 2.7% in Hong Kong, 1.4% in South Korea, 0.5% in Singapore, 0.4% in Indonesia but up 0.2% in Japan and 0.1% in China. Major European stock exchanges are down about 0.5% thus far. Ten-year sovereign bond yields […] More
World Financial Markets React to Street Protests in China Against Covid Policy
November 28, 2022
A Fresh burst of risk aversion to start the week sent the dollar up 0.8% against the Australian dollar, 0.7% relative to the kiwi, 0.5% versus the loonie and Chinese yuan, 0.4% vis-a-vis sterling, 0.2% against the yen, and 0.1% versus the Swiss franc. The euro notably edged 0.1% higher against the dollar, aided by […] More
More Central Bank Rate Hikes in Pakistan, Israel, and Ghana
May 23, 2022
In all of these instances, tightening interest rate cycles inspired by accelerating inflation had begun prior to today’s moves. There have been five increases of the State Bank of Pakistan‘s policy interest rate since September 2021, when the rate was raised 25 basis points from 7.0% to 7.25%. hikes followed of 150 basis points in […] More
