African Central Banks Weigh Policy Options Amid Trump’s Tariffs

Key African economies are set to stake out different approaches to interest rates in the coming weeks as they gauge the impact of US President Donald Trump’s new tariff proposals and their domestic influences on their economies and inflation.

“Upcoming monetary policy decisions across African central banks will be shaped by a common theme: the tension between easing inflation and persistent structural vulnerabilities,” according to Angelika Goliger, EY Africa chief economist. “While headline inflation is receding in several economies, the pace and scope of monetary easing will vary significantly, reflecting domestic political dynamics, external risks, and reform agendas.”