Africa Rapid Response South Africa GDP (Q2 2025) South Africa’s economy expanded by 0.8% q/q in the second quarter of the year, an acceleration on the muted 0.1% expansion in Q1, raising hopes that the recovery is back on track. We expect further... 9th September 2025 · 2 mins read
Africa Rapid Response South Africa Consumer Prices (Jul.) The jump in South Africa’s headline inflation rate to 3.5% y/y masked continued weakness in core inflation, which leaves the door open for the Reserve Bank’s easing cycle to continue. We remain... 20th August 2025 · 2 mins read
Africa Rapid Response South Africa Consumer Prices (Jun' 25) South Africa’s headline inflation rate may have edged up to 3.0% y/y in June, but the further easing of core inflation suggests the SARB should remain unworried about underlying price pressures... 23rd July 2025 · 2 mins read
Africa Rapid Response South Africa Consumer Prices (May' 25.) The fact that South Africa’s headline inflation was unchanged at 2.8% y/y in May, lends more evidence that the SARB should be unworried about underlying price pressures in the economy. Coming... 18th June 2025 · 2 mins read
Africa Rapid Response South Africa GDP (Q1 2025) South Africa’s muted 0.1% q/q growth in the first quarter of the year on the back of a downwardly revised 0.4% expansion in Q4 of last year suggests the recovery is losing momentum. That will only... 3rd June 2025 · 2 mins read
Africa Rapid Response South Africa Consumer Prices (Apr.) The rise in South Africa’s headline inflation to 2.8% y/y still left it below the lower bound of the Reserve Bank’s 3-6% target range and, ordinarily, would make us more confident that the easing... 21st May 2025 · 3 mins read
Africa Rapid Response Nigeria Interest Rate Announcement (May) The Central Bank of Nigeria left its policy rate on hold at 27.50% today and, with the disinflation progressing slowly and concerns that low oil prices will put downward pressure on the naira, it... 20th May 2025 · 2 mins read
Africa Rapid Response South Africa Consumer Prices (Mar' 25.) The larger-than-expected fall in South Africa’s headline inflation rate to 2.7% y/y in March will give the Reserve Bank more confidence that its easing cycle can resume. We expect a 25bp reduction to... 23rd April 2025 · 2 mins read
Africa Rapid Response South Africa Consumer Prices (Feb '25.) The weaker-than-expected South African inflation figure for February, of 3.2% y/y, keeps the door open for the Reserve Bank to lower the repo rate by 25bp (to 7.25%) at its meeting tomorrow. 19th March 2025 · 2 mins read
Africa Rapid Response South Africa GDP (Q4 2024) The 0.6% q/q rebound in South Africa’s economy in the final quarter of last year came on the back of an upwardly-revised 0.1% q/q contraction in Q3 and suggests that the recovery is back on track. We... 4th March 2025 · 3 mins read
Africa Rapid Response Nigeria GDP (Q4 2024) Nigeria recorded a further pick-up in GDP growth to 3.8% y/y in Q4 of last year and, with inflation and interest rates set to fall sharply, we expect the recovery to continue over the coming quarters. 25th February 2025 · 2 mins read
Africa Rapid Response South Africa 2025 Budget Postponed The eleventh-hour unprecedented postponement of South Africa’s 2025 Budget due to disagreements within the Government of National Unity on tax policy, suggest that it is domestic rather than foreign... 19th February 2025 · 2 mins read
Emerging Europe Rapid Response US-Russia talks don’t signal near-term end to the war The decision by the US and Russia to “lay the groundwork” to end the war in Ukraine marks a potentially significant turning point after three years of conflict. Negotiations will take time and the... 18th February 2025 · 2 mins read
