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On the eve of the interest rate decision by the Reserve Bank’s monetary policy committee, a report showed that inflation stayed close to touching distance of the upper end of the target, supporting the case for a third consecutive increase.

Stats SA said on Wednesday that the rate of change in the consumer price index was at 5.7% in February, unchanged from January, the figure for which had been down from 5.9% in December. The last reading of 2021 was the highest since early 2017. The Bank has a target range of 3%-6%. ..

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