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Find all the economic and financial information on our Orishas Direct application to download on Play StoreRecently, some African countries have begun maneuvering to stabilize their economies.
About six monetary policy meetings have been announced for the next two weeks. Of these, at least four are expected to result in rate hikes. The reason for this is the weight of the supply difficulties caused by the war in Ukraine on the African economies on the one hand and the economic slowdown in China on the other. In Nigeria, central bankers have announced a 100 basis point rate hike. In South Africa, monetary tightening began in November. It should be noted that the debt of emerging countries has risen from 52% in 2019 to 67% of GDP on average for these countries in 2021.
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