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Inflation down but not expected to change repo rate

Statistics South Africa announced this morning that the average inflation rate for 2023 was 6,0%, much lower than 2022’s 6,9%. ....

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Economists expect repo rate to stay unchanged

Consumers are holding their breath about the decision of the Monetary Policy Committee about the repo rate, that determines interest rates. ....

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Credit demand declined even further in November

Credit data for November shows that consumers cannot afford to buy houses, although they are using credit to buy cars and other goods. ....

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Concern that food inflation is still too high

The moderation in inflation during November was thanks to a drop in fuel and therefore transport prices, but economists are still worried. ....

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Current account deficit narrowed in third quarter, but…

The current account deficit is the difference between the money coming into the country for exports and the money going out due to imports. ....

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