Lower inflation might not persuade Bank to cut rates
Depreciation of the rand and possible downgrade weigh against a further trim in September
Lower-than-expected inflation might not be enough to persuade the Reserve Bank’s monetary policy committee to cut rates again in 2019.
Measured by the annual change in the consumer price index (CPI), inflation decelerated more than expected to 4% in July. The last time inflation was this low was in January. ..