[LISTEN] Why Sarb may not cut interest rates
The Money Show’s Bruce Whitfield and FNB economist Mamello Matinkica discuss five reasons why they believe the central bank may not cut rates.
JOHANNESBURG - South Africa's inflation rate has slowed to 5.1% year-on-year in June from 5.4% in May, according to data released by Statistics South Africa on Wednesday.
This is within the 3% to 6% target set by the South African Reserve Bank (Sarb).
Despite this, says FNB economist Mamello Matinkica, is the central bank unlikely to cut interest rates.
Listen to the audio above for more information.