Central banks in sub-Saharan Africa are prioritizing inflation and currency risks ahead of upcoming policy meetings. Despite banking sector turmoil, Nigeria central bank raised interest rates by 50 bps to address elevated price pressures. Similarly, South Africa central bank is expected to raise interest rates by 25 bps to combat above-target inflation. In Q4 2022, South Africa’s GDP contracted by 1.3% QoQ, while inflation figures for February showed an increase of 7.0% YoY.