Consumer inflation in South Africa remained steady at an annual rate of 5.2% in May, mirroring April’s rate and meeting economists’ predictions, as per a Reuters poll. The South African Reserve Bank (SARB) aims to reduce inflation to 4.5%, which is the midpoint of its target range. To reach this objective, the SARB has maintained its key interest rate at the highest level since 2009 for over a year.
Original Source: CNBCAfrica
Date: 2024-06-19 09:56:40
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