08
Aug
Inflationary pressures for South Africa are forecast to ease further, ending this year at 4,4% and averaging 4,9% for this year. The Nedbank Group Economic Unit expects monetary policy easing to begin in September with a cumulative 50 basis points reduction in interest rates in the second half of the year, taking the prime lending rate down to 11,25% by the end of this year, followed by cuts of a further 75 basis points next year. Nedbank expects South Africa’s economy to fare better in the second half of this year and throughout next year if the recent improvements in…