Inflation dips below Reserve Bank target
The slowest inflation since June 2020 is unlikely to convince the Reserve Bank’s monetary policy committee to lower the benchmark rate further
SA’s consumer inflation accelerated at the slowest pace in eight months in February, slipping below the Reserve Bank’s target range of 3% to 6%.
Analysts say that’s still not enough to convince Reserve Bank governor Lesetja Kganyago’s monetary policy committee (MPC) to lower the nation’s key interest rate at its three-day meeting, which ends on Thursday. ..