{"id":13066,"date":"2023-01-04T18:19:55","date_gmt":"2023-01-04T18:19:55","guid":{"rendered":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/sierra-leone-becomes-first-in-africa-to-hike-rate-this-year"},"modified":"2023-01-04T18:25:12","modified_gmt":"2023-01-04T18:25:12","slug":"sierra-leone-becomes-first-in-africa-to-hike-rate-this-year","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/sierra-leone-becomes-first-in-africa-to-hike-rate-this-year","title":{"rendered":"Sierra Leone Becomes First in Africa to Hike Rate This Year"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Sierra-Leone. <\/strong><\/span>Sierra Leone\u2019s central bank became the first in Africa and second globally after Israel to raise interest rates this year, according to Bloomberg.<a name=\"aswift_2_host\"><\/a><\/p>\n<p>Bloomberg noted that the rate is hiked by 125 basis points to contain surging inflation.<\/p>\n<p>According to Bloomberg, a combination of factors, ranging from higher commodity costs to uncertainty around the Covid-19 pandemic, are keeping price pressures elevated in the in Sierra Leone.<\/p>\n<p>\u201cThe Bank of Sierra Leone\u2019s monetary policy committee hiked its key rate for a fifth straight meeting to 18.25% from 17%, bringing cumulative increases in just over a year to 425 basis points,\u201d Bloomberg stated.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/sierra-leone\">Sierra-Leone<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Sierra-Leone. Sierra Leone\u2019s central bank became the first in Africa and second globally after Israel to raise interest rates this year, according to Bloomberg. Bloomberg noted that the rate is hiked by 125 basis points to contain surging inflation. According to Bloomberg, a combination of factors, ranging from higher commodity costs to uncertainty [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":13065,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6],"tags":[291,293,292],"class_list":["post-13066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","tag-africa-press","tag-africa-press-sierra-leone","tag-sierra-leone"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Sierra Leone Becomes First in Africa to Hike Rate This Year - Sierra Leone<\/title>\n<meta name=\"description\" content=\"Sierra Leone\u2019s central bank became the first in Africa and second globally after Israel to raise interest rates this yea ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/sierra-leone-becomes-first-in-africa-to-hike-rate-this-year\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sierra Leone Becomes First in Africa to Hike Rate This Year\" \/>\n<meta property=\"og:description\" content=\"Sierra Leone\u2019s central bank became the first in Africa and second globally after Israel to raise interest rates this yea ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/sierra-leone-becomes-first-in-africa-to-hike-rate-this-year\" \/>\n<meta property=\"og:site_name\" content=\"Sierra Leone\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-04T18:19:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-04T18:25:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2023\/01\/postQueueImg_1672843830.01.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/sierra-leone-becomes-first-in-africa-to-hike-rate-this-year#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/sierra-leone-becomes-first-in-africa-to-hike-rate-this-year\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Sierra Leone Becomes First in Africa to Hike Rate This Year\",\"datePublished\":\"2023-01-04T18:19:55+00:00\",\"dateModified\":\"2023-01-04T18:25:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/sierra-leone-becomes-first-in-africa-to-hike-rate-this-year\"},\"wordCount\":122,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/sierra-leone-becomes-first-in-africa-to-hike-rate-this-year#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2023\/01\/postQueueImg_1672843830.01.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Sierra-Leone\",\"Sierra-Leone\"],\"articleSection\":[\"all news\",\"files\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/sierra-leone-becomes-first-in-africa-to-hike-rate-this-year#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/sierra-leone-becomes-first-in-africa-to-hike-rate-this-year\",\"url\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/sierra-leone-becomes-first-in-africa-to-hike-rate-this-year\",\"name\":\"Sierra Leone Becomes First in Africa to Hike Rate This Year - 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