South African reserve bank keeps repo rate at 8.25%

The South African Reserve Bank left rates unchanged at 8.25%.

2024 CPI is seen at 5.1% vs 5.1% previously. The 2025 forecast is unchanged at 4.6%. Core CPI for 2024 is seen at 4.8% vs 4.6% previously while 2025 core CPI is unchanged at 4.6%.

GDP growth for this year is unchanged at 1.2%.