# The Bureau for Economic Research says better coordination is needed between the South African Reserve Bank and the National Treasury as global oil price shocks driven by tensions in the Strait of Hormuz push fuel prices higher. According to the bureau, temporary fuel levy relief can help keep inflation lower and reduce pressure on interest rates. It added that close fiscal and monetary coordination is needed to balance inflation control with economic growth amid ongoing fuel price volatility.
Bureau for Economic Research urges Reserve Bank and Treasury to unite over inflation risks