(Reuters) - South Africa's targeted inflation rate broke through the top end of the central bank's band in April, rising 6.3 percent year-on-year, and hardening the case for higher interest rates.
Analysts said data on Wednesday showing inflation had jumped last month from 5.5 percent in March -- marking the first breach of the central bank's 3-6 percent target range in more than 3-1/2 years -- raised the chances of a rate increase next week.
Read more at Reuters Africa
Analysts said data on Wednesday showing inflation had jumped last month from 5.5 percent in March -- marking the first breach of the central bank's 3-6 percent target range in more than 3-1/2 years -- raised the chances of a rate increase next week.
Read more at Reuters Africa
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