Inflation expectations pick up in fourth quarter as headline CPI accelerates
Results of BER survey likely to weigh on the Monetary policy Committee, which is scheduled to meet later in January
04 January 2024 - 12:16
SA inflation expectations rose in the fourth quarter, driven by headline inflation that accelerated to the upper end of the Reserve Bank’s 3%-6% target at the beginning of the quarter, which suggests the Bank’s Monetary Policy Committee (MPC) may keep rates higher for longer.
The December inflation expectations survey by the Bureau for Economic Research (BER) shows that, on average, analysts, businesspeople and trade unions see inflation of 5.7% in 2024 and 5.6% in 2025, up from their forecasts of 5.5% and 5.3% in the third quarter...
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