South Africa Inflation Rate Declines
The South African Reserve Bank is scheduled to meet on Thursday and could adjust interest rates. October inflation declined from 3.8 percent in the previous month, primarily because of falling fuel prices according to the national statistics agency. "Petrol and diesel prices declined by 5.3 percent between September and October," said Stats SA.
Despite inflation coming down in October – the price of tea and coffee continues to climb, and the outlook is not rosy.
“Global interest rates could well shift higher again, and the recent rand depreciation demonstrates how rapidly changes in ...
South Africa’s reserve bank is set to look past a sharp slowdown in inflation and only cut interests rates by a modest ...
Economists have warned South Africans to expect a slow rate-cutting cycle – which may come to an end sooner than they think.
Reuters on MSN2d
South African central bank plays it safe with 25 bps cutKganyago said rand weakness in the wake of Donald Trump's U.S. election victory showed how rapidly changes in the global ...
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