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Browsing: rand performance
- South Africa inflation has fallen to a more than four-year low.
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South Africa’s inflation has fallen to a more than four-year low, signaling another reduction in borrowing rates by the monetary policy committee on Thursday.
Consumer prices surged 2.8 per cent in October from a year earlier, compared with 3.8 per cent in the preceding month, according to Pretoria-based Statistics South Africa through a statement on their website.
The decline below the lower end of the central bank’s 3 per cent to 6 per cent target range will likely influence the monetary policy committee to ease the monetary policy benchmark for the second time in as many months. The widespread expectation is for the MPC to …