Inflation slows for fourth month, further raising rate cut prospects

Oct 23, 2024

Old Mutual chief economist Johann Els says  Reserve Bank could cut its benchmark rate by 50 basis points in November

​Old Mutual chief economist Johann Els says  Reserve Bank could cut its benchmark rate by 50 basis points in November   

Inflation slowed in September for the fourth month running, its lowest level since March 2021 as fuel prices continued to fall, paving the way for another interest rate cut in November.

Annual consumer inflation eased to 3.8% from August’s 4.4%, Stats SA reported on Wednesday…

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