The SARB's MPC cuts the repo rate to 8%, citing global inflation improvements and a stronger rand. What this means for South Africa’s economic outlook.
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Economists predict a potential repo rate cut in September, with Frank Blackmore of KPMG suggesting conservative reductions based on inflation trends.
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If Standard Bank is right, this will be the first interest rate cut that South Africans will experience since the onset of
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Economists said that the decision to not change the repo rate was consistent with expectations but expressed concerns over inflation in the
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Kganyago noted that global inflation is easing, but not yet stable.
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Blackmore explains that the primary reason for maintaining the current repo rate is the South African Reserve Bank's data-dependent approach.
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Stats SA reported that annual consumer inflation quickened in February, rising to 5,6% from 5,3% in January and 5,1% in December.
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