Reserve Bank ‘has no more excuses’ after inflation slows
July’s 4.6% is lowest in three years and supports expectations of an interest rate cut in September
21 August 2024 - 11:07
UPDATED 21 August 2024 - 22:56
Consumer inflation cooled to its lowest level in three years last month, shifting the conversation from whether the Reserve Bank will cut rates to by how much it will reduce them.
The annual inflation rate slowed to 4.6% in July, down from 5.1% in June, according to Stats SA. That’s just 10 basis points above the central bank’s target midpoint...
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