Inflation near the bottom of its target range has given the Reserve Bank space to offer more support to an economy reeling from the Covid-19 pandemic, according to Chris Loewald, the Bank’s head of economic research.

His comments came just over a week before the start of the Bank’s next monetary policy meeting and on the eve of a data release from Stats SA that some economists said may show an economic contraction of about 50% in the second quarter.

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