Near-term outlook of inflation uncertain – GCB Capital
GCB Capital has indicated that the short-term inflation outlook is uncertain despite ongoing disinflation. While the firm anticipates the disinflation trend to persist in the second half of 2024, inflation levels remain high. In June 2024, inflation decreased to 22.8%. However, GCB Capital expects that increased cedi liquidity, driven by the election momentum in the […] The post Near-term outlook of inflation uncertain – GCB Capital appeared first on Citinewsroom - Comprehensive News in Ghana.
GCB Capital has indicated that the short-term inflation outlook is uncertain despite ongoing disinflation.
While the firm anticipates the disinflation trend to persist in the second half of 2024, inflation levels remain high.
In June 2024, inflation decreased to 22.8%.
However, GCB Capital expects that increased cedi liquidity, driven by the election momentum in the latter half of 2024, could heighten inflationary pressures.
As a result, the possibility of a slight rate cut in July 2024 is considered remote, with more likelihood for such a move in the policy windows of September and November 2024.
The firm also expects nominal interest rates to decline slowly over this period.
The post Near-term outlook of inflation uncertain – GCB Capital appeared first on Citinewsroom - Comprehensive News in Ghana.
