Rand, JSE surge on signs of moderating inflation in US

By Siphelele Dludla | Published Aug 16, 2024

Economists are anticipating a 25 basis point interest rate cut in South Africa next month, with another potential cut in November as the inflation rate eased to a six-month low of 5. 1% in June, though it remains above the SA Reserve Bank’s target of 4. 5%.