BofA revises SA rate outlook, flags two cuts in 2025
Bank cautions that pace of easing may be tempered by political and fiscal developments
14 May 2025 - 15:05
Bank of America (BofA) has revised its monetary policy outlook for SA and now expects two more interest rate cuts this year. The shift comes after a recent research trip to the country.
“[We] keep our 1.2% GDP growth forecast unchanged and watch fiscal risks beyond 21 May when the budget will be released,” said Tatonga Rusike, Sub-Saharan Africa economist at BofA...
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