The larger-than-expected fall in South African inflation, to 4.1% y/y, in March will give the central bank more room for manoeuvre. Although yesterday’s announcement of a fiscal package by the government relives pressure on the Reserve Bank to act, given the scale of economic damage, we think more easing is on the horizon.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.