Analysts forecast interest rates cut
Wednesday, February 18, 2015
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The annual inflation rate was recorded at 3.6 percent in January this year, a decrease of 0.2 of a percentage point on the December 2014 rate of 3.8 percent. The downward movement of annual inflation rate between January 2014 and January 2015 was attributed to the decrease in prices of commodities in the main component of transport, which dropped by 3.0 percentage points.
According to analysts at RMB Global Markets Research, the inflation rate is likely to end the first half of the year below 3.5 percent providing room for the central bank to cut the benchmark bank rate by half a percentage point.
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...