Sarb publishes Monetary Policy Review

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In its latest Monetary Policy Review, published on May 29, the South African Reserve Bank highlights the difficulty of making inflation predictions in the current economic environment.

"Given the high degree of uncertainty surrounding many of the developments in global and domestic environments in recent months, management of inflation expectations has proved challenging," the review said.

Despite CPI inflation remaining slightly above the target band of 3–6%, the bank decided to keep the

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