Reuters Turkey’s central bank said it will keep monetary policy tight until the inflation outlook displays a significant improvement, after it kept rates steady for the third straight meeting. Current elevated levels of inflation and developments in core inflation indicators pose risks to pricing behaviour and the bank would deliver further monetary tightening if needed, it said. It kept all ...

Bloomberg The South African Reserve Bank’s fight against its detractors escalated this week, and now even has President Jacob Zuma in its sights. The central bank in court papers accused Public Protector Busisiwe Mkhwebane of bias and being part of a campaign to undermine its independence after documents showed the anti-graft ombudsman held a secret meeting with Zuma’s lawyers before ...

Bloomberg Kenyan lenders risk needing to raise expensive debt on local markets next year to shore up their core capital levels, which may be eroded by new accounting standards the country is introducing that compel banks to classify losses differently. That’ll be a double whammy for an industry already reeling from the effects of interest-rate caps introduced a year ago, ...