Possible repo rate cut on the table - economist
An economist says consumers should expect more relief in the coming months.
It comes after annual consumer price inflation remained steady at 5.2 per cent in May, unchanged from the previous month.
Food and non-alcoholic beverages inflation was unchanged at 4.7 per cent in May.
READ: Inflation unchanged in May
"If we are right that consumer inflation should generally continue to drift sideways and be around the midpoint of the target range towards the fourth quarter of this year, then this should provide scope for the Reserve Bank to cut interest rates later this year, which will provide further relief to consumers," says Standard Bank's head of Macroeconomic Research, Dr Elna Moolman.
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