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Business / Economics

SA’s inflation sinks below reserve bank target

todaySeptember 18, 2024 5

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South Africa’s consumer inflation has dipped below the SA Reserve Bank’s key target of 4.5%, cooling to 4.4% in August from 4.6% in July. News24 reports that this should seal the deal for an interest rate cut on Thursday. Economists expect a 25 basis-point cut following a meeting of the MPC on Thursday. Another cut of the same size is expected in November.

Written by: Tonata Kadhila

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