South Africa's central bank may have to raise interest rates to deal with a deteriorating inflation outlook, deputy governor Francois Groepe said on Wednesday.
Rates may have to rise to curb inflation
The deteriorating inflation outlook may necessitate policy action as the window for an unchanged stance has narrowed
Recommended articles
"The deteriorating inflation outlook may necessitate policy action as the window for an unchanged stance has narrowed," Groepe told an investment seminar in Cape Town, adding that the bank was in a policy-tightening cycle.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Gov Mbah plans befitting burial for Nollywood stars Mr Ibu, Junior Pope
Tinubu made naira world’s best, what PDP failed to do in 16 years - Onanuga
8 suspects disrupt inauguration of appointed commissioners at Kano Govt House
Yahaya Bello stripped of police protection as IG withdraws officers attached to him
No need to run when EFCC invites you, Cubana Chief Priest advises Nigerians
Immigration places wanted Yahaya Bello on watchlist, unveils his passport details
Oyo govt justifies demolition of Yoruba Nation agitators’ building
NAFDAC raids popular supermarket in Abuja for selling counterfeit products
Iranian morality police crack down on women who don't wear headscarves
Pulse Sports
Lionel Messi's son breaks the internet after scoring five goals for Inter Miami
Naija Stars Abroad: Onyedika, Boniface, and Osimhen shine across Europe
Victor Osimhen and Tobi Amusan make list of Forbes’ 30 under 30 Class of 2024
ADVERTISEMENT