WATCH: What a steady inflation rate means for SA
Citibank economist Gina Schoeman talks to Business Day TV about the CPI data for June
Inflation has remained unchanged at 4.5% in June, at the midpoint of the Reserve Bank’s 3%-6% target range.
Some analysts believe this bolsters the case for further rate cuts, but Reserve Bank governor Lesetja Kganyago has reiterated that there are no quick fixes for this economy, adding that aggressive interest rate cuts will only result in higher inflation. ..