Biznews

With South Africa’s annual consumer price inflation increasing to 5.6% in February, exceeding economists' expectations, and rising closer to the top of the central bank's 3% to 6% target range, all hopes of an interest rate cut before the Monetary Policy Committee meeting in July have fallen. A number of economists are in fact now looking at September as the first opportunity for any easing of the country’s 8.25% repurchase rate. […]