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Kganyago signals South Africa could hike rates again this month
South African Reserve Bank Governor Lesetja Kganyago said inflation expectations have risen above the central bank’s 3% target, justifying the May interest-rate increase and signalling further tightening may be needed when policymakers meet later this month. The central bank raised rates in May for the first time in three years, lifting them by 25 basis points to 7% to prevent an oil shock caused by the Iran war from spilling into lasting inflation.
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engineeringnews.co.za
Inflation expectations rise before South Africa rate decision
South Africa’s two-year inflation expectations climbed,complicating the central bank’s efforts to anchor expectations around its 3% target. Average inflation expectations two…
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cryptobriefing.com
South African Reserve Bank eyes inflation control amid 5% CPI surge
South African inflation rises to 5%, prompting SARB to tighten policy. Fed rate cut by September 2026 at 5.6% YES.
