TITLE

A Further Rate Hike Likely In Store

PUB. DATE
December 2007
SOURCE
Africa Monitor: Southern Africa;Dec2007, Vol. 12 Issue 12, p1
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
The article reports on the increase of consumer price inflation index (CPIX) in South Africa in 2007. It is inferred that the increase of CPIX by 6.7% year-on-year (y-o-y) in September was significantly above the South African Reserve Bank's (SARB) inflation target band of 3 to 6%. The author forecasts that the interest rate to 11% will remain within the comfort zone of the central bank.
ACCESSION #
27464460

 

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