Slowing South Africa CPI Gives SARB More Room to Pause on RatesBy
Inflation rate fell to 6.1% last month from 6.2% in April
Reserve Bank increased rates four times since July to 7%
South African inflation unexpectedly slowed for a third month in May as food-price growth decelerated, giving the Reserve Bank room to keep interest rates unchanged to support an economy at risk of falling into recession.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.