South African Reserve Bank say CPI risks reduced in recent weeks - ConsultFX

South African Reserve Bank say CPI risks reduced in recent weeks

SAR beginning the latest rate policy statement 18 Jan - wage increases to continue to drive inflation - The average inflation forecast for 2017 is unchanged at 5.3% but the average forecast has been revised downwards for 2018 & 2019 to 4.9% & 5.4% respectively from 5.2% & 5.5% previously. Inflation is expected to average 5.5% in Copyright 2015 Forexlive.com