Preview: South Africa Q2 BER Inflation Expectations due at at 03:00 ET (07:00 GMT)

Consensus expectations:No est v 3.6% prior Recent comments: - On May 28th South Africa Central Bank (SARB) raised Interest Rate by 25bps to 7.00% (as expected) to move into tightening with its 1st rate hike since May 2023. Statement noted that the decision to hike by 25bps was not unanimous (4-2); dissenters sought 50bps increase. Debate among council was on timing of hike, not direction of policy. - On May 28th SARB updated its Staff Projections which raised 2026 CPI forecast from 3.7% to 4.4% and raised 2027 CPI forecast from 3.3% to 3.7% **Insight: SARB moved into tightening in May 2026 with its 1st rate hike since May 2023 - SARB had previously cut Interest Rates four times in the prior easing cycle by total 125bps. The last cut was in Nov 2025