African central banks face serious challenges, says IMF
Report suggests short-term measures, but says central banks also need structural reforms
The International Monetary Fund has published suggestions for how African central banks can deal with reduced growth and higher inflation after the Covid-19 pandemic.
In the short term, they could, where possible, carry out foreign exchange interventions, restrict capital flows and implement macro-prudential measures. In the longer term, the IMF says they need to address structural problems, including currency mismatches, weak financial markets and lack of monetary policy credibility.
African
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