Monetary Easing To Start In Q209

October 2008
Africa Monitor: Southern Africa;Oct2008, Vol. 13 Issue 10, p3
Country Report
The article forecasts the economic condition of South Africa for 2009, following the central bank's decision to keep interest rates on hold at 12.00%. Inflation is likely to decline rapidly in the first quarter of the outlook period. Monetary easing will start in the second quarter of the year, with the first interest rate cut to be implemented in April. It is predicted that the central bank will assess the impact of the rebasing of the inflation basket on price pressures before reducing rates.


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