South Africa's inflation rate was steady at 3.2% year on year in February, , the statistics agency said on Wednesday, a day before the central bank is expected to pause its rate-cutting cycle.

South Africa faces a crucial interest rate decision this Thursday, as inflation risks loom large and analysts predict cautious moves from the Reserve Bank amid shifting economic conditions.

As the South African Reserve Bank’s Monetary Policy Committee (MPC) gears up for its meeting on Thursday, 20 March 2025, market watchers expect a potential 25 basis point rate cut amid stabilised domestic inflation and a stable rand,