Key African economies to slow rate hikes with inflation peaking

After tightening monetary policy sharply in 2022, most African central banks are poised to slow the pace of interest-rate hikes in coming weeks as inflation shows signs of peaking or moderating. Monetary policy committees in Nigeria, South Africa and Kenya will likely proceed more gingerly in raising borrowing costs, while Mozambique’s is forecast to stand pat as it assesses the impact of previous increases. Angola will probably remain an outlier and cut rates.