Economist Dawie Roodt says he anticipates the latest inflation figures will positively impact Thursday’s repo rate decision. ECRNewsWatch RepoRate
By implementing a few simple yet effective money tips, young adults can take control of their financial well-being and pave the way to long-term stability. Image: Unsplash / Towfiqu barbhuiyaAnnual headline inflation slowed to 5.4 percent in June from 6.3% the previous month.Roodt, the chief economist at the Efficient Group, says even though inflation is now within target - we must not expect the central bank to suddenly decrease the repo rate.
“I think there could have been two more increases in the repo rate. I actually thought previously that it could've been another 25 basis points increases but because of inflation coming now lower than expected, I think it can only be necessary for the Reserve Bank to increase once more."
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