Tuesday 20 November 2018
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portalangop - 15 days ago

South African central bank readies ground for higher rates

PRETORIA- South Africa’s central bank may have no choice but to hike interest rates as inflation remains “uncomfortably” near the upper end of its target range and economic growth is lagging, it said on Monday. , But while the South African Reserve Bank (SARB) was considering raising rates, they would not rise as steeply as in some other emerging markets forced to respond to deep currency selloffs. Although we have talked about raising interest rates, we are not contemplating emergency hikes of hundreds of basis points, the bank s Governor Lesetja Kganyago said in its biannual policy review.Routers ,

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