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SARB to Maintain 7% Rate Amid Stagnant Growth

9/23/2025

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Summary

Story summary

South African Reserve Bank (SARB) is expected to hold 7% policy rate at its upcoming meeting.
Inflation is 3.5% and could reach around 4% by year-end, with a 3% target.
Growth was 0.8% in Q2. Property sentiment is stable and lending volumes remain subdued.
A rate cut could occur before year-end, but government costs may hinder reaching the 3% target.

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Story summary

South African Reserve Bank (SARB) is expected to hold 7% policy rate at its upcoming meeting.
Inflation is 3.5% and could reach around 4% by year-end, with a 3% target.
Growth was 0.8% in Q2. Property sentiment is stable and lending volumes remain subdued.
A rate cut could occur before year-end, but government costs may hinder reaching the 3% target.