The National Bank of Rwanda has announced its decision to increase the key repo rate, the policy rate it applies on the money market, from 5 to 6 per cent in a bid to tame soaring inflationary pressures. The key repo rate represents the lowest rate at which the Central Bank charges commercial banks and
A research arm of ratings agency, Fitch Solutions have stated that inflation will remain elevated in the coming months, due to upward price pressures arising from sustained high fuel prices and transport costs, a weak cedi, and an uptick in food inflation. In its December 2021 Africa Monitor Report, it said the cedi has also
The Bank of Ghana has reiterated that inflation will remain within the medium-term target band of 8±2%, but closer to the upper limit in the near-term, barring any unforeseen shocks. This is coming after October 2021 inflation hit 11.0% According to the Central Bank’s September 2021 Inflation Outlook and Analysis Report, the main upside risks
FSDH Merchant Bank has projected a further decline in the inflation rate to 11.29 percent in March. The inflation rate declined for two consecutive months from 11.44 percent in December to 11.31 percent in February, according to data from the National Bureau of Statistics (NBS). “FSDH Research expects the March inflation rate to drop marginally
The Ghana Statistical Service (GSS) has announced that the Producer Price Inflation rate for August 2018 has reduced to 7.0 per cent. This rate indicates that, between August 2017 and August 2018 (year-on-year), the PPI increased by 7.0 per cent. This rate represents a 1.2 percentage point decrease in producer inflation relative to the rate
Inflation for the month of August inched up to 9.9 per cent, 0.3 percentage points higher than the 9.6 per cent recorded for July 2018, the Ghana Statistical Service (GSS) has announced. The increases were informed by rising prices of food and non-food items used for measuring changes in prices, relative to the same period
