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Inflation expectations crucial - SARB

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The South African Reserve Bank suggested in its June quarterly bulletin that it expected inflation to hit its target later this year but it would largely depend on the extent to which price expectations conformed to trends.

Source: Reuters

The Reserve Bank warned on Thursday that the country's improved inflation outlook - key to further rate cuts - would largely depend on the extent to which price expectations conformed to trends.

The Reserve Bank made the hawkish comments in its June quarterly

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