Africa at risk from faster policy normalisation – Kenya’s Nyaoga
Higher interest rates could threaten portfolio inflows for a region struggling with price rises
A faster pace of monetary policy normalisation in advanced economies, coupled with political uncertainty, are the main risks to emerging markets, according to the chairman of the Central Bank of Kenya.
Speaking at Central Banking’s National Asset-Liability Management Africa conference in Cape Town today (October 25), Mohammed Nyaoga raised concerns about the pace at which advanced economies are adopting higher interest rates.
“Quick monetary policy normalisation in the US and some major
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