The plunge in South African inflation to just 3.0% y/y in April is likely to be followed by further declines, allowing the central bank to cut interest rates further. We expect another 75bp of cuts in the repo rate, taking it to 3.00%, which is more easing than markets are currently pricing in.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services