Macro Analysis /

Global risk sentiment improves post FOMC, Kenya leaves rates on hold

Forex: Naira weakness in the parallel market compounded by crypto trades
Fixed Income: Egyptian Eurobond yields surge as fiscal risks become more acute
Macroeconomic: Kenya’s real interest rate remains negative after policymakers leave the key rate on hold at 7.5%

Kieran Siney

Head of African Markets @ ETM Analytics

Takudzwa Ndawona

Financial Markets Analyst @ ETM Analytics

28 July 2022

Published byETM Analytics

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