The Central Bank of Kenya is expected to cut the key lending rate when the Monetary Policy Committee meets tomorrow | Expect the Shilling to remain week for at least the next 3 months unless economic or other data (e.g. COVID-19 trajectory) surprises the market on the upside | Tomorrow's expected interest rate cut follows this morning's release of weaker growth on 2019 of 5.4% compared to 6.3% in 2018 | Weaker growth in 2019 is partly attributed to a near-50% drop in the pa

President Cyril Ramaphosa has confirmed the governments plans for a partial reopening of the economy from 1st May | The strategy will allow some industries to operate while easing travel restrictions, but the President emphasised that the people must remain vigilant as the worst of the pandemic could be yet to come | Meanwhile, South African Airways (SAA) faces liquidation or a wind down of the company according to the rescue specialists put in charge who stated the state own

WEAK Q1 GDP ONLY A TASTER FOR Q2 PLUNGE A number of countries report first estimates of Q1 GDP, although attention has already turned to the scale of the downturn in Q2 with full lockdowns in place, not to mention speculation about the shape of any recovery in the second half. Analysts expect US Q1 GDP (Wed) to show an annualised fall of 4.0%. Weekly initial jobless claims (Thu) will continue to attract attention as a timely guide to the labour market. The past five weeks has