SA reveals rate hikes are paying off
The South African Reserve Bank's monetary policy appears to be working as inflationary pressures dampened in the quarter to September.
Consumer spending eased to 5.5%, down from 7% in the first quarter. House prices continued to rise, but at a slower rate than earlier in the year.
Growth fell slightly, down from 4.75% in the first quarter to 4.5%. The construction industry grew fastest. Agriculture, financial services and transport all performed well.
The Reserve Bank raised its benchmark
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