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SARB Leave 2024 Average Inflation Forecast Unchanged at 5%

SOUTH AFRICA
  • SARB sees inflation avg 5% in 2024; Unch. from Nov.
    • SARB sees inflation avg 4.6% in 2025; saw 4.5%
    • SARB sees core inflation avg 4.6% in 2024; Unch. from Nov.
    • SARB sees core inflation avg 4.6% in 2025; saw 4.5%
  • SARB leaves 2024 GDP growth Est. Unchanged at 1.2%
    • SARB sees 2025 GDP growth at 1.3% in 2025, 1.6% in 2026
  • SARB model sees repo rate 7.54% by end '24; saw 7.55%
    • SARB model sees repo rate 7.29% by end '25; saw 7.32%
    • SARB model sees repo rate 7.3% by end '26; saw 7.3%
  • SARB says risks to inflation outlook still to upside
  • SARB sees risks to m/t growth outlook as balanced (BBG)

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