JOHANNESBURG - THE MARKET dove into the red yesterday with the JSE falling the most in almost two months dragged by the decline in retailers and banks after the SA Reserve Bank raised its inflation forecasts for this year.
Analysts forecast that an appreciating collar could push the rand towards R15.17 and R15.35 in the near term. SARB’s consumer inflation forecast for 2021 is higher at 4.3 percent, up from 4 percent, but it is still within the 3 to 6 percent target range.
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