SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

The latest inflation data has fuelled hopes for an interest rate cut in September despite rising producer prices for maize.

June’s inflation rate is slightly lower than what some economists had predicted but aligns with the consensus expectation. “In other words, this data set confirms a lack of demand-driven inflation, which is an important consideration when the Reserve Bank decides on the interest rate path. This data is therefore providing some support for our long-standing view that the Reserve Bank will likely start to ease monetary policy reasonably soon.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SABC News Online /  🏆 32. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DA aiming for deputy president position - SABC News - Breaking news, special reports, world, business, sportThe DA wants the position of deputy president.
Read more »