HomeBusinessSA to act against inflation

SA to act against inflation

Mminele also said the domestic inflation outlook had deterioriated in the last couple of months but said the recent decline in oil prices and the appreciation of the rand currency had to some extent alleviated price pressures.

The Reserve Bank’s Monetary Policy Committee has left its repo rate unchanged at 5,5 % at its three policy meetings this year, after slashing them by 650 basis points between December 2008 and December 2010 to help the struggling economy. — Reuters

Recent Posts

Stories you will enjoy

Recommended reading