MPC likely to increase interest rates by 25 basis points: Analyst – SABC News
The data indicates that the biggest contributor to inflation came from higher fuel prices, as well as higher rental prices.
“If we think about the Monetary Policy Committee meeting tomorrow, a figure of 5% would be an uncomfortable figure for the Reserve Bank to consider given the 3% inflation target with a 1% tolerance band so I do believe that they will probably remain on the conservative side by hiking interest rates by 25 basis points and there after sit put and watch what the impact would be.”
[WATCH] #SAInflation || Annual consumer inflation jumped to 5,0% in June 2026 from 4,5% in May 2026. This is the highest inflation print since June 2024 when the rate was 5,1%.
Prices rose by 0,7% on average between May and June, the same increase recorded between April and May.… pic.twitter.com/y4rCjdeUOE
— Statistics South Africa (Stats SA) (@StatsSA) July 22, 2026