/ 22 May 2024

Consumer inflation eases in April, but interest rate cut still unlikely this month

Inflation Accelerates To A Near Five Year High
The Reserve Bank has maintained the repo — at which it lends to commercial banks — steady at 8.25% for five consecutive meetings, since hiking it by 50 basis points in May 2023.
The central bank has maintained the key repo rate at 8.25% since hiking it by 50 basis points in May 2023

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