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Global turmoil 'likely' to hold back rate cuts in SA
The Citizen
|March 05, 2026
The longer the Middle East conflict continues, the greater the impact on global economies, including South Africa.
The closure of the world’s most important oil shipping route, the Strait of Hormuz, has increased Brent crude oil prices, raising concerns about inflation.
This is not great news for South Africa’s upcoming interest rate announcement.
Following the South African Reserve Bank’s (Sarb) monetary policy committee (MPC) decision to keep the repo rate unchanged at 6.75% in January, analysts forecast at least two cuts this year. However, this outlook is not likely at the moment.
Cette histoire est tirée de l'édition March 05, 2026 de The Citizen.
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