Economy

In our view, there is a high risk of further interest rate hikes in 2008, which was highlighted by Central Bank Governor Tito Mboweni on May 28, when he stated during a seminar in... 2008-05-30

The central bank hiked the policy interest rate on May 26 by 50bps to 15%. Sustained pressure from imported food and energy costs are the main driving force behind inflation concerns,... 2008-05-28

We forecast that South African economic growth will weaken significantly in 2008, which will be mainly a result of further monetary tightening and weaker external demand. In our view,... 2008-05-28

BMI View: Strong inflows of foreign direct investment will put upside pressure on Madagascar's ariary over the medium term, and the authorities' stated commitment to allowing continued... 2008-05-23

BMI View: We have revised down our end-08 rupee forecast to MUR25.00/US$ from MUR23.50/US$, as the Bank of Mauritius (BoM) seems prepared to cut rates and buy dollars, at least... 2008-05-23

BMI View: With one in six working-age adults suffering from HIV/AIDS infection, the economic cost of AIDS is substantial in Zambia. We see little scope for improvement in the long... 2008-05-23

The official exchange rate has been floated and has subsequently converged with the parallel market price. While a welcome move, allied measures put further pressure on banks and... 2008-05-20

The strong performance of the mining sector is likely to lead to robust economic growth and stimulate export expansion over the course of 2008. Against this backdrop, we believe... 2008-05-07

The strong performance of the mining sector is likely to lead to robust economic growth and stimulate export expansion over the course of 2008. Against this backdrop, we believe... 2008-05-07

BMI View: We continue to see the naira strengthening over the rest of the year to NGN114.00/US$, from NGN118.00/US$ at the end of 2007. The currency's strength is driven by major... 2008-05-06