SARB Statement: 2026 CPI seen at 3.7% (prev. 3.3%), 2027 CPI seen at 3.3% (prev. 3.2%); 2026 GDP Growth seen at 1.4% (prev. 1.4%), 2027 GDP Growth 1.9% (prev. 1.9%)
- High energy prices will raise inflation in the near-term.
- We expect headline inflation will soon accelerate to around 4%, with fuel inflation over 18% for Q2.
Context
The SARB's statement indicates a notable upward revision in inflation forecasts for 2026 and 2027, suggesting growing inflationary pressures primarily due to high energy costs. This acceleration to around 4% inflation, particularly with fuel inflation expected to exceed 18% for Q2, could influence market expectations regarding monetary policy and interest rates moving forward.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#DATA#EU SESSION#US SESSION#CONSUMER PRICE INDEX#OTHER CENTRAL BANKS