November 21, 2024 13:05 GMT
SOUTH AFRICA: SARB Leave 2025 Average Inflation Estimate Unchanged at 4%
SOUTH AFRICA
- SARB sees inflation avg 4.5% in 2024; saw 4.6% (BBG)
- SARB sees inflation avg 4% in 2025; saw 4%
- SARB sees inflation avg 4.5% in 2027
- SARB sees S. Africa GDP growth at 1.7% in 2025, 1.8% in 2026
- SARB leaves 2024 GDP growth est. Unchanged at 1.1%
- SARB model sees repo rate 7.85% by end '24; saw 7.86%
- SARB model sees repo rate 7.40% by end '25; saw 7.17%
- SARB model sees repo rate 7.27% by end '26; saw 7.09%
- SARB expects inflation expectations to moderate further
- Risks to inflation outlook balanced
- Near-term growth may fall short of projections
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