Fuel price volatility will likely delay rate cuts to late 2024, economists warn

The effects of rising oil prices are now so enmeshed in SA's inflationary outlook that there may be little the country can do to steer its own economy toward price stability, economists warn.

While the central bank recently said it's on track with inflation, Matrix Fund Managers' economist and macro strategist, Kim Silberman, said the measure will only start easing from September and that this is more about base effects in fuel prices than for any other reason.