South Africa: Inflation Up, But Rates To Remain On Hold

September 2008
Emerging Markets Monitor;9/1/2008, Vol. 14 Issue 21, p20
Country Report
The article presents an economic outlook for South Africa for 2008. It expects the central bank to keep interest rates on hold despite a record inflation figure. This is because the monetary authorities are likely to look past the bleak short-term inflation outlook. Further declines in bond yields indicate that markets are not overly concerned about the consumer price index.


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