South Africa's inflation rate has slowed to 5.1% year-on-year in June from 5.4 percent in May, according to data released by Statistics South Africa on Wednesday.
This is within the 3% to 6% target set by the South African Reserve Bank (Sarb).
Despite this, says FNB Economist Mamello Matinkica, the Sarb will not cut rates.
Risks to the rand remain high
Monetary policy tightening in developed markets
Long-term inflation remains high
Wages and salaries could surprise on the upside
- Core inflation has not dropped significantly
The Money Show’s Bruce Whitfield interviewed Matinkica.
For more detail; listen to the interview in the audio below.
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