Technically weak currencies may keep certain SSA central banks hawkish
Posted on March 17, 2012 at 16:42 PM EDT
From Alterio’s SSA report last week: Countering relative disinflationary trends across SSA are diverging currency dynamics which can be swayed by both fundamental and technical reasons. The Central Bank of Kenya’s somewhat surprising decision this week to keep its policy rate unchanged at 18 percent, for instance, is otherwise shilling supportive in both the near [...]