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Inflation
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The rand traded near 16.46-16.57 against the dollar in mid-July, weakening for a second consecutive week as Middle East tensions dampened risk appetite ahead of June consumer inflation data and the South African Reserve Bank's rate decision. Headline inflation rose less than expected to 4.5% in May from 4.0% in April, and PSG Financial Services chief economist Johann Els expects June inflation to edge up to 4.7%, with the bank likely to hold rates though renewed Middle East conflict and higher oil prices keep a 25-basis-point hike on the table.
Nigeria to publish poverty and income scorecard amid inflation concernsNigeria's government plans to track poverty, real incomes and inequality to demonstrate that President Bola Tinubu's reforms are improving living standards, finance minister Taiwo Oyedele said on July 16, 2026. The International Monetary Fund noted in June that while reforms have boosted investor confidence, 63% of Nigeria's population remains in poverty after subsidy removal and naira liberalisation drove up inflation and living costs.
IMF lifts global inflation forecast amid Middle East warThe IMF raised its 2026 global inflation forecast by 0.3 percentage points to 4.7%, easing to 3.9% in 2027, citing energy prices 25% higher than before the Middle East war began on February 28, and warning of further commodity price volatility.
Inflation Updates
The South African Reserve Bank defied expectations and held interest rates steady to support economic growth after revising its inflation forecasts lower, while warning that the renewed conflict in...
South African inflation picked up more sharply than expected in June, bolstering expectations that the central bank will deliver a second consecutive interest rate hike on Thursday. Annual headline...
Given the recent uptick in the US-Iran military exchange and BMI’s shift to a ‘messy negotiation scenario’, the research unit will be reviewing its forecasts over the coming week, but does not...
The crude oil price returning to about $72/bl at the end of June had positive effects on business and particularly on general trade conditions for the month and improved trade expectations, reports...
Zambia is gearing up for an August election in which President Hakainde Hichilema is favoured to win a second term but may face a strong challenge from opposition leader Brian Mundubile. The vote...
The International Monetary Fund on Wednesday inched its 2026 global growth forecast lower again to a sluggish 3.0%, warning of ongoing risks linked to the war in the Middle East, trade...
As the North West University (NWU) marks the tenth anniversary of its Policy Uncertainty Index (PUI), the data shows that a decade on, uncertainty is increasing and much of the frustrations of the...
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...
South African inflation rose by less than expected in May, which analysts said reduced the likelihood of another central bank interest rate hike next month. Headline consumer inflation quickened to...
Traders have scaled back bets on additional South African interest-rate hikes after a US-Iran peace deal sent oil prices tumbling, potentially reducing inflationary pressures. Forward-rate...
South Africa's central bank governor Lesetja Kganyago said on Tuesday that the bank would bring inflation back to its 3% target, defending last week's rate hike as necessary to prevent second-round...
The decision by the South African Reserve Bank (SARB) last week to hike interest rates by 25 basis points in response to rising global inflation is the correct call, business organisation Business...
South Africa's central bank raised its key interest rate by 25 basis points to 7% on Thursday, saying the decision was aimed at managing risks and ensuring that inflation returns to target. The...
South Africa’s central bank is set to raise borrowing costs for the first time in three years as policymakers seek to combat inflationary pressures stemming from the Iran war, including sharply...
As global trade conditions are factoring in the effect of the war in the Middle East, especially as it impacts international crude oil prices, these exogenous developments not only affect crude oil...
South African inflation accelerated sharply in April, increasing the likelihood that the central bank will hike interest rates when it meets to assess its monetary policy stance next week. Headline...
The South African rand was steady in early trade on Wednesday, ahead of the release of inflation data which is expected to reflect pressures from the war in the Middle East. At 0619 GMT the rand...
South Africa’s central bank Governor Lesetja Kganyago said policymakers will “very carefully” monitor incoming data to guide their next rate decision, as the Iran war clouds the inflation outlook...
South Africa's headline consumer inflation edged up as expected last month, but analysts said the increase would be far larger in April when fuel price hikes triggered by the US-Israeli war on Iran...
South African consumers are adjusting their financial behaviour in response to rising cost pressures, with credit bureau TransUnion's 'First Quarter 2026 Consumer Pulse Study' showing meaningful...
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