SARB holds through conflict – Commerzbank
Commerzbank analyst Volkmar Baur expects the South African Reserve Bank (SARB) to keep rates unchanged, despite inflation having fallen to its new 3% target and real rates remaining restrictive. The Iran conflict, higher Oil prices and a weaker South African Rand (ZAR) argue for caution, though an eventual cut later in 2026 is possible if geopolitical risks and energy…











