Lesetja Kganyago (SARB Governor) at the MPC Schools Challenge Winners Announcement at Sandton Convention Centre on August 15, 2023 in Sandton, South Africa. (Gallo Images/Fani Mahuntsi)
Average inflation
expectations two years ahead — which the bank’s monetary policy
committee uses to inform its decision-making — fell to 4.9% in the
second quarter from 5.2% previously, according to a survey released on
Friday by the Stellenbosch-based Bureau for Economic Research.
All
social groups including analysts, businesspeople, and labor officials
lowered their inflation forecasts for the entire three-year horizon BER
surveys, it said.
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