Inflation expectations hit 4 year low
This provides policymakers with another reason to press ahead with the easing cycle.
According to new data from the Bureau for Economic Research, average inflation expectations for the next two years have dropped to 4-point-5 percent in the second quarter.
This is slightly down from 4,7 percent.
The SA Reserve Bank's Monetary Policy Committee watches this figure closely, weighing the timing and pace of its much-anticipated easing cycle.
The MPC prefers to anchor inflation expectations at the 4,5 percent midpoint of its target band.
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