South Africa: SARB delays again, but further hike still likely

The weakness of South Africa’s economy prompted the MPC to hold off hiking interest rates today, but we still think there is room for additional monetary tightening later in the year. For now, we think it’s most likely that the MPC will raise its policy rate by 25bp at the September Council meeting.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.