Volltext verfügbar nach Anmeldung bzw. im Campus-Netz.
South Africa Set to Extend Rate Pause Even as Inflation Cools.
In: Bloomberg.com, 2024-05-22, S. N.PAG
Online
serialPeriodical
Zugriff:
South Africa's inflation rate decreased to 5.2% in April, compared to 5.3% in the previous month, primarily due to lower food prices. However, this decline is unlikely to lead to a reduction in the benchmark interest rate, which has remained at 8.25% since May 2023. The South African Reserve Bank has emphasized that it will only adjust policy once inflation reaches the midpoint of its target range of 3% to 6%. Despite the positive inflation data, economists do not expect a rate cut until November. The strengthening of the rand and the expectation that the ruling African National Congress may not need to form a coalition with a left-leaning party after the upcoming elections have contributed to a positive outlook for the Reserve Bank's price growth forecasts. Food inflation also decreased to 4.4% in April, with bread, cereal, and egg prices showing declines. [Extracted from the article]
Titel: |
South Africa Set to Extend Rate Pause Even as Inflation Cools.
|
---|---|
Autor/in / Beteiligte Person: | Thukwana, Ntando |
Zeitschrift: | Bloomberg.com, 2024-05-22, S. N.PAG |
Veröffentlichung: | 2024 |
Medientyp: | serialPeriodical |
Schlagwort: |
|
Sonstiges: |
|