South African inflation rate fell to 3.8% in September, below the 4.5% target, potentially leading to interest rate cuts.

South Africa's inflation rate decreased to 3.8% in September, the lowest in 3.5 years, driven by reduced transportation costs and falling fuel prices. This drop is below the South African Reserve Bank's (SARB) target of 4.5%, raising expectations for potential interest rate cuts in November to stimulate economic growth and support consumers. Core inflation remained stable at 4.1%, with month-on-month changes minimal.

October 23, 2024
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