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South Africa’s central bank is set to leave interest rates unchanged, staying the course in the inflation fight amid political uncertainty one day after the country’s tightest election in 30 years.
Movements in headline inflation are a key indicator, but decisions are also influenced by central banks around the world, especially the US Federal Reserve
As soon as the inflation rate moves downwards, consumers want to know if the repo rate will be cut but it is not that simple.
Economists say households’ budgets will continue to be constrained as the cost of living rises in the country.
Although the consumer credit market personal finances stabilised slightly in the fourth quarter, household finances remain under pressure.