Economy / Ghana
If you would like to subscribe to Emerging Markets Monitor and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Emerging Markets Monitor please click on the trial link below.
Interest Rates: Too Little Too Late?
July 2008 | Market StrategySorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Emerging Markets Monitor and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Emerging Markets Monitor please click on the trial link below.
BMI View: Following the lower-than-expected 100bps interest rate hike from the Bank of Ghana, we expect a further 150bps in September. In the meantime, we anticipate inflation will increase, the Ghanaian cedi will weaken further, and the spread of the sovereign Eurobond over 10-year US treasuries will continue to widen.