South Africa: SARB holds rates, slashes growth forecasts

A string of grim growth figures led South Africa’s MPC to pause its gradual tightening cycle today. We had expected a hike at this meeting, and still think that accelerating inflation and a depreciating rand will force the committee to hike rates by 25bp before the end of the year.

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.