Inflation numbers add to case for lower interest rates
Increasingly dovish sentiment of major central banks and stronger rand give impetus to calls for a rates cut
19 June 2019 - 18:13
All the pieces of the puzzle have come together to build a case for the Reserve Bank to cut interest rates in July.
While the inflation rate quickened to 4.5% in May from April’s 4.4%, it has remained at the midpoint of the 3%-6% target range, which the Bank prefers, for the past five months. Increasingly dovish sentiment from major central banks and a stronger rand have also given impetus to calls for an interest rate cut in July. ..
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