TITLE

Monetary Tightening To Weigh on Growth

PUB. DATE
January 2008
SOURCE
Africa Monitor: Southern Africa;Jan2008, Vol. 13 Issue 1, p4
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
The article reports on the economic outlook for 2007 in South Africa. It states that the growth figures indicate that the country's economy maintains a greater momentum than initially expected, with the third quarter real gross domestic product growth coming in at a robust 5.1% year-on-year. Following a 50bps hike in October, the South African Reserve Bank (SARB) is expected to further raise the benchmark interest rate by 50bps to 11.00% at its monetary policy meeting in December.
ACCESSION #
27728323

 

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