On Wednesday, some economists said there was room for the Reserve Bank to lower the repo rate because inflation is at its lowest rate in eight years.
Statistics South Africa also announced on Wednesday that the headline consumer price index fell to 3.7 per cent in October, down from 4.1 per cent the month before. In September, the bank’s Monetary Policy Committee kept the repo rate unchanged at 6.5 per cent following a 25 basis points cut.
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