Wednesday, February 5, 2014

Ghana Central Bank set to raise interest rates to curb inflation

Ghana's central bank is likely to raise its policy rate by at least 100 basis points on Thursday to 17 percent in a drive to tame inflation and stem a slide in the currency, analysts suggest. Such a move to tighten would be in line with central banks in India, Turkey and South Africa who raised rates in January to support their weakening currencies.

The decision by the U.S. Federal Reserve to roll back its bond buying has left some emerging markets shaken, even though they have been

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