Economists remain divided on where interest rates will head next, with a hold or a hike both on the cards.
Core inflation also increased marginally from 4.7% in July to 4.8% in August but was still off the high of 5.3% in April. “The outlook still faces considerable upside risks from the cost implications of load-shedding, a vulnerable rand, the threat of El Niño, the impact of the recent bird flu outbreak, and trade restrictions in some countries,” the group said.
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