Global Economy
SARB Statement: Sees upside risks to inflation and downside risks to growth, fuel-price shock has intensified and global rates are moving higher
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SARB warned of intensified fuel-price shocks and upside inflation risks, lifting CPI and repo rate projections while lowering 2026 GDP growth to 1.2%.
News detail
Forecasts: 2026 CPI 4.4% (prev. 4.0%) 2027 CPI 4.0% (prev. 3.8%) 2026 Core CPI 3.8% (prev. 3.8%) 2027 Core CPI 4.0% (prev. 3.7%) 2026 GDP 1.2% (prev. 1.4%) 2027 GDP 1.7% (prev. 1.7%) Rate Path Model: End-2026 Repo Rate 6.98% (prev. 6.79%) End-202 Repo Rate 6.34% (prev. 6.24%) End-2026 Repo Rate 5.98% (prev. 5.95%)
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