SA on track for third year of moderating inflation, says Investec
SA consumers are unlikely to benefit from this through lower interest rates, however, as the threat of further credit ratings loom
21 November 2019 - 12:35
SA’s largest asset manager Investec says SA is likely to see average inflation of 4.5% in 2020, with price pressure consistently moderating since 2016.
Despite this being the midpoint of the Reserve Bank’s target range, the Bank is unlikely to cut rates until the risk of a junk status rating from Moody’s Investors Services is removed, said Investec chief economist Annabel Bishop in a note. ..
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