South Africa's headline consumer inflation remained at 3.2% year on year in February, unchanged from the month before , data from the statistics agency showed on Wednesday. In month-on-month terms inflation was at 0.

The 2025Q1 GDP projection is 0.4% (q/q, seasonally adjusted), while 2025Q2 is 0.5%. Growth for the current calendar year has been marked down slightly, from 1.8% to 1.7%

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,