Free Trial

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
90 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • 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