The February reading of the consumer price index was the lowest since June last year, when it was 2.2%, and it marks the third time in the past 12 months that it has fallen below the SA Reserve Bank’s mandated 3% to 6% target range.
The data come ahead of the third and final day of the monetary policy committee’s latest meeting, with SA Reserve Bank governor Lesetja Kganyago scheduled to make the rates announcement after 3pm on Thursday.
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