# FNB says inflation risks remain despite recent declines in oil prices, as ongoing geopolitical tensions in the Middle East could still push up fuel and energy costs. The bank expects inflation to ease slightly this month but warns that uncertainty remains high. FNB economist Ame Muller expects the South African Reserve Bank to raise the repo rate by another 25 basis points at this week’s Monetary Policy Committee meeting.
FNB warns inflation risks remain despite lower oil prices