Inflation expectations rise before South Africa rate decision

Polity Audio Articles · Jun 30, 2026 · 1m

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 years ahead, the measure the central bank closely watches when setting interest rates, rose to 3.9% in the second quarter from 3.6% previously, according to a survey published by the Stellenbosch-based Bureau for Economic Research on Tuesday. The survey was conducted between May 18 and June 4, before the US-Iran 60-day ceasefire deal reopened the Strait of…