South Africa Seen Holding Rates as Iran Risks Persist

South Africa’s central bank looks set to keep borrowing costs on hold to assess the inflationary impact of the US-Israeli war on Iran, which has sent oil prices surging and pummeled the rand.

All 15 economists surveyed by Bloomberg expect Governor Lesetja Kganyago and his colleagues to leave the benchmark interest rate at 6.75% when their decision is announced shortly after 3 p.m. in the capital, Pretoria, on Thursday. Economists in a separate survey by Bloomberg expect policymakers to be undivided on the decision.