Nigeria’s central bank governor this week hinted that rate cuts may soon be on the cards but there are still upside inflation risks on the horizon that could scupper those plans. Meanwhile, Kenyan protesters scored another big win after President Ruto sacked most of his cabinet. Ruto's position remains uncertain and, were he to step down, this would ratchet up Kenya’s default risks further. Finally, Ghana’s inflation figures for June showed its disinflation trend is continuing, but upside risks are high there too.
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