A survey released by the Bureau for Economic Research shows that three social groups in the country have lowered their inflation expectations, to average 3.8 percent in 2025 and 4.2 in 2026.
The three social groups, made up of analysts, businesspeople and trade union officials, further anticipate that inflation will average 4.2 over the long term in the next one-to-five-year period.
Independent Economist Elize Kruger says despite the lower inflation expectations, she expects the Reserve Bank to keep the interest rate unchanged this week.