Skip to main content

Hawkish majority to rule the SARB for some time

Today’s decision in South Africa to raise the benchmark rate by 75bp, to 6.25%, despite weakness in the economy suggests that policymakers are prioritising tackling inflation above all else. We think that the tightening cycle is far from over and expect rates to reach 7.75% by mid-2023.

Become a member to read more

This is premium content that requires an active Capital Economics subscription to view.

Already a member?

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


Get access