In the news

Kenya’s central bank cut its benchmark lending rate by 50 basis points to 10 percent on Tuesday on concerns about sluggish credit growth, its Monetary Policy Committee (MPC) said. (REUTERS) READ MORE

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has opted to maintain benchmark interest rate at record-high, intensifying its battle against inflation. (THE CABLE.NG) READ MORE

Ghana’s central bank has kept its benchmark interest rate unchanged for a fifth consecutive meeting after inflation accelerated in August. (GULF TODAY.AE) READ MORE

Egypt’s current account deficit rose to $18.7 billion for the 2015–16 fiscal year that ended in June, from $12.1 billion last year, central bank data showed. (REUTERS) READ MORE