29-07-2025
Bank of America Sees South African Inflation Target by End of 2027
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.'
