South Africa's central bank cut its main lending rate by another 25 basis points to 7.50% as expected on Thursday, saying that while inflation appeared well-contained the medium-term outlook was more uncertain than usual.
The Monetary Policy Committee's decision was split, with four members preferring a 25 basis point cut and two supporting an unchanged stance.
Annual inflation ticked up to 3.0% in December, the latest month for which data is available, but it is still at the bottom of the central bank's 3%-6% target range.
Inflation averaged 4.4% in 2024, just below the midpoint of the target range the central bank aims for.
Inflation expectations of analysts, business people and trade union officials, which the central bank tracks closely, have also improved.
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