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Inflation remains (barely) on target. Interest rate decision this afternoon

Annualised consumer price inflation was, as expected by most economists, 5.9 percent in October, exactly the same as in September.

How this has influenced the South African Reserve Bank (SARB) rates decision will be clear this afternoon when the Monetary Policy Committee (MPC) announces its decision after three days of deliberation.

The SARB targets an inflation rate of between three percent and six percent.

Watch this space for the rates announcement…

Also read the following related articles:

- The rand is more stable than any time since 1999 and poised to strengthen

- Why petrol will be (much) cheaper by Christmas (if the rand holds)

Listen to the Soundcloud clip for more detail.


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