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South Africa , Friday 17 July 2026

South Africa inflation rises less than expected, another rate hike less likely

Published on: Tuesday 16 June 2026

South Africa inflation rises less than expected, another rate hike less likely By Anathi Madubela JOHANNESBURG, June 17 (Reuters) - South African inflation rose by less than expected in May, which analysts said reduced the likelihood of another central bank interest rate hike next month. • Headline consumer inflation quickened to 4.5% year on year from 4.0% in April. That was the highest reading since July 2024. Economists polled by Reuters had expected 4.7%. • The rise


News source: https://www.msn.com/en-us/money/markets/south-africa-inflation-rises-less-than-expected-another-rate-hike-less-likely/ar-AA25QZAB

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