Inflation Hits 5%: Rate Hike Likely in July
South Africa’s Inflation Surge Signals Imminent Interest Rate Hike Consumer inflation in South Africa accelerated to 5% year-on-year in June, up from 4.5% in May, according to data released on Wednesday. This uptick marks the second straight month that inflation has exceeded the South African Reserve Bank’s (Sarb) 3% target, pushing well beyond the institution’s … Read more
