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Glimmer of hope for when the SARB will start cutting the repo rate?
Governor Lesetja Kganyago says the central bank will remain committed to reining in inflation if a new government spends more and the deficit increases.
Conventional wisdom says that living expenses rise uniformly with inflation, so many financial plans are based simply on that. But analysing the spending patterns of retirees shows us that the data tells a different story.
Read moreGovernor Lesetja Kganyago says the central bank will remain committed to reining in inflation if a new government spends more and the deficit increases.
Headline inflation softened to 5.2% in April, but the upside risks remain, particularly from food prices.
The markets are pricing for a rate reduction next year, and headline inflation is expected to return to the midpoint of the target band only in the last quarter of 2025.
The drier El Niño weather pattern is emerging as one of the biggest risks to the outlook for food inflation.