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Annual consumer price inflation edged lower in August, to 4.4% year-on-year, compared to 4.6% in July. This is the first time since April 2021 that inflation has come in below the SARB’s 4.5% target level.
Anticipation is building as the South African Reserve Bank (SARB) and its larger counterpart, the US Federal Reserve (Fed), prepare to announce their upcoming interest rate decisions.
As the South African Reserve Bank’s Monetary Policy Committee (MPC) gears up for its meeting on 19 September, expectations are mounting for an interest rate cut.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?