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How Emerging Market Turmoil Is Affecting Central Banks in Africa

(Bloomberg) Central banks around Africa — poised to reveal their first response to the emerging-market turmoil of the past month — are likely to usher in an end to the continent’s easing cycle. There’s a week to go before the U.S. Federal Reserve delivers what could be its third interest-rate increase of the year. Currency weakness from the wider market sell-off preceding that move and a pickup in inflation may persuade officials to freeze borrowing costs — and in some cases even start to talk about tightening.

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