As inflation remains a persistent threat across African economies, several central banks have been forced to adopt aggressive monetary tightening, been forced to adopt.
According to data compiled by Nairametrics Research, Zimbabwe, Sudan, and Ghana top the list of countries where the Monetary Policy Rate (MPR), the benchmark interest rate for lending and borrowing, is the highest on the continent.
These high MPRs reflect central banks’ efforts to rein in inflation, stabilize currencies, and attract investment inflows amid economic uncertainty. However, they also make credit more expensive for businesses and governments, potentially slowing economic recovery and deepening fiscal pressures.