Nine Countries Cut Interest Rates Before The Bombs Dropped
Nine African countries including Nigeria, Kenya, Egypt and the Democratic Republic of Congo earlier this year cut interest rates, citing lower inflation, high foreign demand for their local-currency denominated bonds and current account surpluses. Nine countries. Months of careful fiscal management. Coordinated monetary policy. The quiet, unglamorous work of keeping economies stable enough to grow. Then on February 28th the bombs started falling on Tehran … Continue reading Nine Countries Cut Interest Rates Before The Bombs Dropped