The inflation rate targeted by South Africa's central bank quickened in January, official data showed on Wednesday, keeping open the possibility of another rate hike.
Statistics South Africa said the CPIX inflation rate rose by 5.3% in the year to January, slightly above forecasts of 5.2%, after 5.0% in December.
The Reserve Bank kept its key repo rate steady at 9% last week after 200 basis points worth of hikes last year, saying the inflation outlook had improved.
Read more at FIN24.co.za
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment