Inflation's taming is due to a number of factors - but an important one is the monetary policy applied by the SA Reserve Bank (Sarb). This operates on the principle that inflation is caused by increased demand.
And when an economy overheats because of this demand, then the medicine normally applied is to raise interest rates.
This story is from the November 21, 2024 edition of The Citizen.
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This story is from the November 21, 2024 edition of The Citizen.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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