South Africa's headline inflation rose to 4.5% in May, missing consensus expectations. Goldman Sachs expects the SARB to proceed with a 25bp rate hike in July.
Key Takeaways
- 1.Headline inflation rose to 4.5% yoy in May, missing consensus expectations of 4.7%.
- 2.The SARB is expected to hike rates by 25bp in July to 7.25% despite the downside inflation surprise.
Table of Contents
- Key Numbers for April
- Main Points
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Authors
Andrew Matheny
Themes
Inflation DynamicsMonetary Policy
Regions
AfricaSouth Africa