{"id":90094,"date":"2025-09-19T19:20:27","date_gmt":"2025-09-19T19:20:27","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sarb-revises-growth-forecast-up-to-1-2"},"modified":"2025-09-19T19:45:25","modified_gmt":"2025-09-19T19:45:25","slug":"sarb-revises-growth-forecast-up-to-1-2","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sarb-revises-growth-forecast-up-to-1-2","title":{"rendered":"SARB Revises Growth Forecast Up to 1.2%"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>The South African Reserve Bank (SARB) has revised its growth forecast up to 1.2% from the previous 0.9%.<\/p>\n

The central bank made its revision during its bi-monthly Monetary Policy Committee (MPC) meeting this week.<\/p>\n

The MPC delivered the latest repo rate decision on Thursday, keeping the benchmark policy rate unchanged at 7%.<\/p>\n

The prime lending rate remains at 10.5 %.<\/p>\n

SARB governor Lesetja Kganyago said the upward revision is despite a weaker export outlook on the back of higher tariffs.<\/p>\n

\u201cTurning to South Africa, at our last meeting we noted positive indicators for second-quarter output. Last week\u2019s GDP [gross domestic product] release still surprised on the upside, with the highest quarterly growth rate in two years. We have therefore marked up our growth forecast for the year, from 0.9% to 1.2%.\u201d<\/p>\n

Kganyago revealed that modest output gains are expected over the next few years, with the help of structural reforms.<\/p>\n

\u201cThere are also some cyclical indicators, such as credit extension, which look positive. However, reaching a healthy growth rate will require much higher investment levels than we are achieving now.\u201d<\/p>\n

SARB GOVERNOR OUTLINES INFLATION TARGET<\/b><\/p>\n

He said the central bank is still in talks with the National Treasury on the inflation target in what could reshape monetary policy and help lower long-term interest rates.<\/p>\n

The move to lower the target in July caused what appeared to be a rift between the monetary and fiscal policy heads.<\/p>\n

This followed the central bank\u2019s decision to revise its inflation target down to 3% on the lower end of its inflation target band of 3.6% instead of the midpoint.<\/p>\n

National Treasury accused the SARB of making a unilateral and pre-emptive decision.<\/p>\n

Kganyago and Finance Minister Enoch Godongwana later agreed to find common ground.<\/p>\n

Speaking during yesterday (Thursday)\u2019s repo rate announcement Kganyago again addressed the matter.<\/p>\n

\u201cWe are always talking and part of the reason why we referenced that joint statement was because it captured the conversations we have been having. That is where I will leave it.\u201d<\/p>\n

For More News And Analysis About South-Africa<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. The South African Reserve Bank (SARB) has revised its growth forecast up to 1.2% from the previous 0.9%. The central bank made its revision during its bi-monthly Monetary Policy Committee (MPC) meeting this week. The MPC delivered the latest repo rate decision on Thursday, keeping the benchmark policy rate unchanged at 7%. […]<\/p>\n","protected":false},"author":84,"featured_media":90093,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[275],"class_list":["post-90094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-south-africa-2"],"yoast_head":"\nSARB Revises Growth Forecast Up to 1.2% - South Africa<\/title>\n<meta name=\"description\" content=\"The South African Reserve Bank (SARB) has revised its growth forecast up to 1.2% from the previous 0.9%. The central ba ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sarb-revises-growth-forecast-up-to-1-2\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SARB Revises Growth Forecast Up to 1.2%\" \/>\n<meta property=\"og:description\" content=\"The South African Reserve Bank (SARB) has revised its growth forecast up to 1.2% from the previous 0.9%. The central ba ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sarb-revises-growth-forecast-up-to-1-2\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-19T19:20:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-19T19:45:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/09\/sm_1758298454.848625.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sarb-revises-growth-forecast-up-to-1-2#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sarb-revises-growth-forecast-up-to-1-2\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"SARB Revises Growth Forecast Up to 1.2%\",\"datePublished\":\"2025-09-19T19:20:27+00:00\",\"dateModified\":\"2025-09-19T19:45:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sarb-revises-growth-forecast-up-to-1-2\"},\"wordCount\":345,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sarb-revises-growth-forecast-up-to-1-2#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/09\/sm_1758298454.848625.jpg\",\"keywords\":[\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sarb-revises-growth-forecast-up-to-1-2#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sarb-revises-growth-forecast-up-to-1-2\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sarb-revises-growth-forecast-up-to-1-2\",\"name\":\"SARB Revises Growth Forecast Up to 1.2% - South Africa\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sarb-revises-growth-forecast-up-to-1-2#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sarb-revises-growth-forecast-up-to-1-2#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/09\/sm_1758298454.848625.jpg\",\"datePublished\":\"2025-09-19T19:20:27+00:00\",\"dateModified\":\"2025-09-19T19:45:25+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"The South African Reserve Bank (SARB) has revised its growth forecast up to 1.2% from the previous 0.9%. The central ba ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sarb-revises-growth-forecast-up-to-1-2#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sarb-revises-growth-forecast-up-to-1-2\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sarb-revises-growth-forecast-up-to-1-2#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/09\/sm_1758298454.848625.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/09\/sm_1758298454.848625.jpg\",\"width\":1200,\"height\":630,\"caption\":\"SARB Revises Growth Forecast Up to 1.2%\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/sarb-revises-growth-forecast-up-to-1-2#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/south-africa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SARB Revises Growth Forecast Up to 1.2%\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#website\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/\",\"name\":\"South Africa\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/south-africa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"SARB Revises Growth Forecast Up to 1.2% - South Africa","description":"The South African Reserve Bank (SARB) has revised its growth forecast up to 1.2% from the previous 0.9%. The central ba ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sarb-revises-growth-forecast-up-to-1-2","og_locale":"en_US","og_type":"article","og_title":"SARB Revises Growth Forecast Up to 1.2%","og_description":"The South African Reserve Bank (SARB) has revised its growth forecast up to 1.2% from the previous 0.9%. The central ba ...","og_url":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sarb-revises-growth-forecast-up-to-1-2","og_site_name":"South Africa","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2025-09-19T19:20:27+00:00","article_modified_time":"2025-09-19T19:45:25+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/09\/sm_1758298454.848625.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sarb-revises-growth-forecast-up-to-1-2#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sarb-revises-growth-forecast-up-to-1-2"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"SARB Revises Growth Forecast Up to 1.2%","datePublished":"2025-09-19T19:20:27+00:00","dateModified":"2025-09-19T19:45:25+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sarb-revises-growth-forecast-up-to-1-2"},"wordCount":345,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sarb-revises-growth-forecast-up-to-1-2#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/09\/sm_1758298454.848625.jpg","keywords":["South-Africa"],"articleSection":["all news","economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/south-africa\/all-news\/sarb-revises-growth-forecast-up-to-1-2#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sarb-revises-growth-forecast-up-to-1-2","url":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sarb-revises-growth-forecast-up-to-1-2","name":"SARB Revises Growth Forecast Up to 1.2% - South Africa","isPartOf":{"@id":"https:\/\/www.africa-press.net\/south-africa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sarb-revises-growth-forecast-up-to-1-2#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sarb-revises-growth-forecast-up-to-1-2#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/09\/sm_1758298454.848625.jpg","datePublished":"2025-09-19T19:20:27+00:00","dateModified":"2025-09-19T19:45:25+00:00","author":{"@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"The South African Reserve Bank (SARB) has revised its growth forecast up to 1.2% from the previous 0.9%. The central ba ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sarb-revises-growth-forecast-up-to-1-2#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/south-africa\/all-news\/sarb-revises-growth-forecast-up-to-1-2"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sarb-revises-growth-forecast-up-to-1-2#primaryimage","url":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/09\/sm_1758298454.848625.jpg","contentUrl":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/09\/sm_1758298454.848625.jpg","width":1200,"height":630,"caption":"SARB Revises Growth Forecast Up to 1.2%"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/sarb-revises-growth-forecast-up-to-1-2#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/south-africa\/"},{"@type":"ListItem","position":2,"name":"SARB Revises Growth Forecast Up to 1.2%"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/south-africa\/#website","url":"https:\/\/www.africa-press.net\/south-africa\/","name":"South Africa","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/south-africa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/posts\/90094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/comments?post=90094"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/posts\/90094\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/media\/90093"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/media?parent=90094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/categories?post=90094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/tags?post=90094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}