South African inflation expectations for the next two years declined, signalling progress in the central bank’s efforts to rein them in before its policy meeting later this month. Average inflation expectations two years ahead — which the bank’s monetary policy committee (MPC) uses to inform its decision-making — fell to 4.9% in the second quarter from 5.2% previously, according to a survey released on Friday by the Stellenbosch-based Bureau for Economic Research (BER).
