Bank 'has leeway to show mercy on rates'
23 October 2016 - 02:00
The Reserve Bank will have room to "look through" a breach of the inflation target band and save consumers from an interest rate rise that would hike home loans and vehicle repayments, say economists. Higher food and transport prices led inflation to breach the Reserve Bank's target band of 3% to 6% in September, according to data released by StatsSA on Wednesday.
This article is reserved for Sunday Times subscribers.
A subscription gives you full digital access to all Sunday Times content.
Please visit SundayTimes.co.za in your desktop to view our latest subscription options.
Already subscribed? Simply sign in below.
Sign InQuestions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.