Sunday, Aug 06, 2006

South Africa raises interest rates aswell

Reusters: S.Africa c.bank raises repo rate to 8.0 pct

South Africa's central bank raised its key repo rate by half a percentage point to 8.0 percent on Thursday, in line with expectations, warning that the country's inflation outlook had deteriorated "moderately". Reserve Bank Governor Tito Mboweni told a televised press conference that the CPIX inflation rate targeted for monetary policy was expected to breach the upper end of its 3-6 percent target range for the first two quarters of 2007.

Posted by webmaster @ 11:48 AM (475 views)
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