SA’s Inflation Rate Has Increased Compared To Other countries

Written by on 24 November, 2023

By: Bright Ntuli

South Africa’s headline inflation rate has shown a more gradual increase compared to many other emerging and advanced economies.

Speaking on the interest rate, Reserve Bank Governor Lesetja Kganyago has underscored the sensitivity of the country’s inflation rate to shocks.

He says in South Africa’s fiscal landscape, external financing needs are set to rise as the current account deficit expands, driven by improved trade outcomes in the third quarter.

The central bank has kept interest rates unchanged.

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