Wednesday, November 23, 2011

Inflation likely to exceed six-percent target

Lusanda Bill
23 November 2011

Reserve Bank Governor Gill Marcus says South Africa’s inflation figure is more likely to exceed their undercut official targets.

In its twice-yearly Monetary Policy Review released in Pretoria, the central bank points out that cost-push pressures and the sharp reduction of the Rand are posing the primary risks.

Marcus also warns of potential corruption from the euro zone debt crisis.

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