With low inflation, the monetary policy committee said it is aiming for inflation to settle at 3% — the bottom of its target range — to spur economic growth
Economists are also watching out for whether the central bank will adjust the target for inflation, which for now remains within a 3-6% target band
Despite the global environment becoming less tense since the March meeting, the central bank will remain cautious, economists say
The South African Reserve Bank has warned of an upside risk to the inflation outlook
This was despite the central bank highlighting upside risks to the inflation outlook
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This comes as inflation eased to 4.4% in August, below the midpoint of the Reserve Bank’s 3-6% target band
Consumer inflation remains sticky above the 4.5% midpoint of the central bank’s target range
Movements in headline inflation are a key indicator, but decisions are also influenced by central banks around the world, especially the US Federal Reserve
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Data released on Wednesday showed that the annual rate accelerated to 5.4%, from a previous reading of 4.8%