Highlights

  • SA: The RMB/BER Business Confidence Index , once again underwhelmed. The index increased by a minuscule two points to 40 in the first quarter of 2017.
  • SSA: Headline inflation in Ghana continued to moderate in February, recording an annual increase of 13.2% y/y from 13.3%.
  • Global: After a slew of encouraging data releases and stabilising inflation dynamics, the US Federal Reserve voted 9:1 on Wednesday evening to hike the federal funds rate by 25bps for the third time since December 2015. The Bank of Japan and the Bank of England, however, kept their policy rates unchanged at –0.1% and 0.25% respectively.

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