Africa Weekly: SA, Mozambique and Ghana cut rates, US tariffs

Central banks in Ghana, Mozambique and South Africa continued their monetary easing cycles this week, and the dovish tone of South Africa's meeting supports our below-consensus rate forecast. Meanwhile, Sub-Saharan African countries seem to have got off relatively lightly on US tariffs today, particularly compared with the “Liberation Day” rates. South Africa, however, is stuck with a steep 30% tariff alongside a separate 25% auto tariff that is already hurting the sector.