💨 Abstract

South Africa's September inflation rate of 3.4% year-on-year has dampened hopes for an interest rate cut in November. This uptick in inflation, though within the SARB's target band, suggests building price pressures. Economists expect inflation to trend higher, moving away from the SARB's preferred 3% target. The Monetary Policy Committee's decision on November 20 will likely balance cautious optimism and inflation vigilance.

Courtesy: Garrin Lambley