# Standard Bank says South Africa’s interest rate outlook will largely depend on global oil prices and ongoing geopolitical tensions, particularly the impact of the Iran conflict. Economist Elna Moolman says while inflation rose slightly to 3.1-percent in March, it remains close to the South African Reserve Bank’s new three-percent target. According to Moolman, if tensions ease, there could be room for interest rate cuts later:
Standard Bank says interest rate outlook depends on oil prices and geopolitical tensions [SOUND]
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