South Africa c.bank: path to 4.5% inflation likely ‘bumpy and protracted’
JOHANNESBURG, April 23 (Reuters) – South Africa’s central bank said on Tuesday that the path back to 4,5% inflation would probably be “bumpy and protracted” after setbacks in the disinflation trajectory in recent months, The South African Reserve Bank (SARB) has held its main interest rate at 8,25% ZAREPO=ECI since May 2023, keeping policy restrictive to try to steer […]