South African inflation expectations stabilise in Q3
South African inflation expectations stabilized in the third quarter following an oil price shock. Analysts forecast headline consumer inflation at 4.4% for this year.
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South Africa's inflation expectations stabilised in the third quarter after an oil price shock driven by Brent Crude Oil volatility, a central bank survey showed on Wednesday afternoon. The data follows a steep rise in the previous period triggered by supply disruptions stemming from the Iran conflict. The quarterly poll guides the central bank's upcoming interest rate decisions.
