While inflation risks persist, Africa's largest economies are preparing to maintain their interest rates, in line with strict monetary policies.

Nigeria, Egypt, and Ghana are facing upward pressure on prices due to their weak currencies, while South Africa is feeling the impact on food prices of hot and dry weather conditions on food prices. The central bank of Morocco should remain cautious and keep its key interest rate stable even though inflation is at its lowest level in over two years.

After cutting interest rates for the first time since 2021 in January, the Bank of Ghana will be wary of a new decision.