TITLE

A Further 50bps Interest Rate Rise Likely In June

PUB. DATE
June 2008
SOURCE
Africa Monitor: Southern Africa;Jun2008, Vol. 13 Issue 6, p2
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
The article presents an economic outlook for South Africa for 2008. The South African Reserve Bank (SARB) is forecasted to increase interest rates from 50 basis points (bps) to 12.00 percent at its next Monetary Policy Council (MPC) meeting in June. Food and commodity prices will continue to increase, while the electric rate is projected to increase by 53 percent in July. Real gross domestic product (GDP) growth is estimated to increase by 3.7 percent.
ACCESSION #
32168822

 

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