{"id":964412,"date":"2024-07-05T12:22:28","date_gmt":"2024-07-05T12:22:28","guid":{"rendered":"http:\/\/localhost:8888\/dm-simulator-v2\/?p=964412"},"modified":"2024-07-05T12:22:28","modified_gmt":"2024-07-05T12:22:28","slug":"reserve-banks-inflation-policy-seems-to-be-working-economist","status":"publish","type":"post","link":"https:\/\/elections.sabc.co.za\/elections2024\/reserve-banks-inflation-policy-seems-to-be-working-economist\/","title":{"rendered":"Reserve Bank&#8217;s inflation policy seems to be working: Economist"},"content":{"rendered":"<p>Inflation in South Africa is expected to go down over the next two years raising hopes of a rate cut later this year.<\/p>\n<p>The 2024 second quarter inflation expectations survey by the Bureau for Economic Research shows that on average inflation is anticipated to be at 5.3 percent this year.<\/p>\n<p>The forecast by analysts, businesspeople and trade union officials reveals that this is a downward adjustment of 0.1 percentage points for this year.<\/p>\n<p>This is good news for consumers facing the high cost of burrowing. Economist at the Bureau for Economic Research Nicolaas van der Wath explains.<\/p>\n<p>&#8220;Why it&#8217;s subsiding at this stage is because the Reserve Bank policy seems to be working at this stage. You know that they hiked interest rates a lot up until last year with the aim of bringing down inflation and we can see now that in the in the expectations is coming down. The Rand also strengthened a little bit against the US dollar and other currencies on the international markets. That makes our response a bit more positive.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is good news for consumers facing the high cost of burrowing.<\/p>\n","protected":false},"author":60,"featured_media":964413,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[78],"tags":[684,685],"class_list":["post-964412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-inflation","tag-interest-rates"],"_links":{"self":[{"href":"https:\/\/elections.sabc.co.za\/elections2024\/wp-json\/wp\/v2\/posts\/964412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/elections.sabc.co.za\/elections2024\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/elections.sabc.co.za\/elections2024\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/elections.sabc.co.za\/elections2024\/wp-json\/wp\/v2\/users\/60"}],"replies":[{"embeddable":true,"href":"https:\/\/elections.sabc.co.za\/elections2024\/wp-json\/wp\/v2\/comments?post=964412"}],"version-history":[{"count":0,"href":"https:\/\/elections.sabc.co.za\/elections2024\/wp-json\/wp\/v2\/posts\/964412\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/elections.sabc.co.za\/elections2024\/wp-json\/wp\/v2\/media\/964413"}],"wp:attachment":[{"href":"https:\/\/elections.sabc.co.za\/elections2024\/wp-json\/wp\/v2\/media?parent=964412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/elections.sabc.co.za\/elections2024\/wp-json\/wp\/v2\/categories?post=964412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/elections.sabc.co.za\/elections2024\/wp-json\/wp\/v2\/tags?post=964412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}