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Bank of America Sees South African Inflation Target by End of 2027

Bank of America Sees South African Inflation Target by End of 2027

Bloomberg2 days ago
South Africa's move to a lower 3% inflation target may be phased in by the end of 2027, potentially resulting in official interest rates moderating to below 6%, Bank of America said.
'We think moving to 3% is almost certain,' Tatonga Rusike and Mikhail Liluashvili, respectively an economist and strategist at the bank, said in a note. 'The phase-in period could be two years — announced by end-2025, and the target reached by end-2027.'
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