Frontier Daily, 20 February: China stimulus; Senegal rebound; KES, ZMW gains

  • China implements 25bps mortgage rate cut to 3.95%, largest in 5-year history but unlikely to significantly boost growth

  • Senegal '24s rebound 1% as president seeks to set new election date after court rules 10-month delay unconstitutional

  • Zambia's kwacha gains 2.1% today, up 20.6% since 2 Feb, after last week's 150bps rate hike and reserve ratio increase
February 20th, 2024
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