Middle East conflict pressurising global economy: SARB

The current Middle East conflict runs the risk of placing stagflation pressures on the global economy. This was the concern raised by the Reserve Bank in its release of its Monetary Policy Review for the six months over October 2025 to March 2026. This, in light of the uncertain and highly volatile situation that has resulted in significantly higher oil prices, with the Brent crude oil price breaching the $100 a barrel mark. But the SARB’s key message was that despite the current energy shock, it remains committed to anchoring inflation to 3 percent target level in the medium-to-long term. Nompumelelo Siziba filed this report.

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