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As global inflation pressures ease, several African central banks are preparing to join their emerging-market peers in cutting interest rates to support growth. Countries like Egypt, South Africa, Kenya, and Mozambique are expected to lead the easing cycle, buoyed by stable currencies, falling inflation, and favorable trade conditions. Meanwhile, others like Nigeria, Angola, Ghana, and Zambia may hold rates steady until disinflation trends become more certain, likely in the latter half of the year. The recent US tariffs on China — Africa’s top trade partner — and subdued commodity prices have added urgency to these decisions. With currencies stabilizing and inflation cooling, many policymakers now have room to shift focus from fighting inflation to spurring growth in a challenging global economic climate.
Bloomberg