💨 Abstract

South African Reserve Bank (SARB) governor Lesetja Kganyago says declining global oil prices have eased inflationary pressures in South Africa, pushing consumer inflation to its lowest level in nearly five years. SARB's key interest rate currently stands at 7.5%, following three consecutive 25 basis point cuts. Inflation fell to 2.7% in March, down from 3.2% in February.

Courtesy: www.thesouthafrican.com

Summarized by Einstein Beta 🤖