May 30, 2024 13:13 GMT
SOUTH AFRICA: SARB Hold Decision Unanimous
SOUTH AFRICA
Highlights from the policy statement:
- Turning to the outlook, we now see inflation stabilising at our 4.5% objective in the second quarter of next year. This is an improvement on our March forecast, which only reached this milestone at the end of 2025.
- The task of achieving our inflation objective is not yet done.
- The Committee remains concerned that inflation expectations are elevated.
- Although the MPC assesses the inflation forecast risks to be broadly balanced at present, high inflation expectations require that we deliver on our target sooner rather than later, to re-anchor expectations.
- We assess the risks to the growth outlook as balanced.
- The decision was unanimous.
See the full statement here.
106 words