JOHANNESBURG, Dec 14 – South Africa’s targeted consumer inflation breached the central bank’s 3-6 percent target in November as expected, complicating the Reserve Bank’s strategy to keep it in check by raising rates when growth is expected to be weak.
Tag: south africa inflation
S.African cbank ready to act on inflation
PRETORIA, May 24 – South Africa’s central bank said on Tuesday that the inflation outlook had deteriorated markedly and it would not hesitate to act to quell price pressures, but gave no clues as to when it might start raising interest rates.