Ghana hikes interest rates to 18pc
Another emerging markets hike.
The Bank of Ghana has raised its benchmark rate by two percentage points to 18 per cent.
The country has been struggling with a depreciating currency, and the hike is intended to shore that slide up somewhat.
That follows rate hikes from India, Turkey, and South Africa in recent weeks.
At least this breaks up the action between a dull Bank of England release, and what will probably be a quiet European Central Bank statement at 12.45pm.
Ghana is not Zimbabwe RT @katie_martin_FX: Ghana is not Turkey or maybe it is or something
— Fabrizio Goria (@FGoria) February 6, 2014