The SARB has developed two new measures to better understand price pressures, which will impact the MPC’s interest rate decisions.
The South African Reserve Bank has developed two new measures to better understand underlying price pressures, which will influence the MPC’s interest rate decisions, and both currently show elevated readings.
will be used alongside headline and core price growth published by Statistics South Africa as additional tools to inform monetary policy.According to the review, this mainly reflects the below-average post-pandemic housing and medical aid inflation.
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