Recent interventionist actions from Nigeria’s central bank and government have heightened our fears that growing political pressures are undermining policy reforms. This could see Nigeria’s inflation and public finance outlooks deteriorate once again. Elsewhere, the South African rand has come under pressure over the past couple of months and signs that politicians’ appetite for renewed fiscal consolidation efforts is waning ahead of next year’s elections mean that the currency is likely to remain on the backfoot.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services