Inflation slows for fourth month, further raising rate cut prospects
Old Mutual chief economist Johann Els says Reserve Bank could cut its benchmark rate by 50 basis points in November
23 October 2024 - 11:16
UPDATED 23 October 2024 - 22:57
Inflation slowed in September for the fourth month running, reaching its lowest level since March 2021 as fuel prices continued to fall, paving the way for another interest rate cut in November.
Annual consumer inflation eased to 3.8% from August’s 4.4%, Stats SA reported on Wednesday...
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