Interest rate cut might be back

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An interest rate cut might be on the cards on Thursday. This is after Statistics South Africa (Stats SA) announced on Wednesday that inflation slowed to 3,7 % in October from 4,1% in in September.  A sharp decrease in the petrol prices was the main factor in the slowdown.

The Reserve Bank’s policy committee is meeting for the last time this year (2019), a day after inflation fell to its lowest level since February 2011. Most economics had not expected a cut in this but with inflation lower than expected the chances have increased.

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