Inflation’s slowdown to 4.9% good news for interest rates
CPI eases from 30-month high in June with economists expecting a return to midpoint of the Bank’s target
21 July 2021 - 11:09
UPDATED 21 July 2021 - 23:41
On the eve of the Reserve Bank’s decision on interest rates, data signalled that the spike in price hikes that pushed the inflation rate to a 30-month high in May may have been a blip.
That may give policymakers scope to support an economy that has suffered another blow from a week of chaos and looting by keeping interest rates at their lowest level in about five decades even as food and transport continue to put moderate pressure on prices...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.