Inflation to remain outside BoB target - Investec

Investec Asset Management investment analyst, Tsitsi Hatendi projected that imported inflation from South Africa and potentially higher global food and oil prices would keep inflation outside the central bank's target range in 2013.

"We do not foresee inflation coming back within the three to six percent target range for this year, given the underlying factors," she said in an analysis released yesterday. "We also maintain our view that the central bank is unlikely to make any changes to the bank rate in the medium term, and rates should remain sideways for longer."