Bloomberg runs comments from SARB Deputy Governor Fundi Tshazibana, who says that the central bank is still concerned about elevated food prices and the impact of rolling blackouts on prices.
- Tshazibana says that the SARB is aware of the pain inflicted by the cumulative 475bp worth of monetary tightening delivered in this cycle, but the central bank is not in a "solid" pause on interest-rate action.