"If headline and core are upside surprises, it suggests that you’ve just got more inflation persistence," said Gina Schoeman, an economist at Citibank South Africa. The South African Reserve Bank will now be even more concerned about the second-round effects of inflation, she said.The central bank officially targets price growth in a band of 3% to 6% though its monetary policy committee prefers to anchor expectations close to the midpoint of that range.
Another upward move will narrow the real interest rate, potentially making local assets more attractive to foreign investors.
_Business lerete ashile lona
_Business Lets do away with inflation targeting.
_Business So this means more financial woes for the middle class.
_Business Is this not an attempt to destroy whatever is left of the middle class?
BrandonOctober _Business 🤣🤣ja ne, we thought that sitting at home during lockdowns will not come at a heavy price. Fasten your seatbelts, the ride is about to become wild!
_Business Self created by hanging on to archaic NDR pipe dreams and self enrichment greed
_Business Surely this is doing more harm than good now? External shocks like supply chain constraints and war have driven cost push inflation globally. Once again increasing interest rates and shredding disposable income in such a heavily indebted nation will plunge us into recession.
_Business Inflation, interest... Those are the worst economic concepts to be ever introduced into the world
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