Soweto Tv News South African Inflation Drops More Than Forecast Paving Way For Rate Cut

South Africa Inflation 2022 2023 South Africa Information Inflation in south africa decreased more than anticipated last month, reaching its lowest level since april 2021. South africa's inflation dropped more than forecast to a three year low in july, nearing the level the central bank aims for and cementing analysts' expectations for an interest rate cut next month.

Sa S Inflation Highest Since November 2018 вђ The Citizen The monetary policy committee will find it very hard now to deny south africa consumers a repo rate cut with inflation at 4.6%. after the good news that the inflation rate dropped from 5.1% in. South african inflation expectations for the next two years edged closer to the 4.5% midpoint of the central bank’s target range, reinforcing the case for interest rate cuts to start this month. South africa's headline consumer inflation fell to 4.6% year on year in july from 5.1% in june, statistics agency data showed on wednesday, dropping to within touching distance of the central bank's objective. the central bank likes to see inflation around 4.5%, the midpoint of its 3% to 6% target range, but it has been above that level since. Headline consumer inflation stood at 5.1% year on year in june, compared to 5.2% in may, statistics south africa said, in line with the prediction made […] south african inflation drops, rate.