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South Africa 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

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The hand of former South African Reserve Bank Governor Gill Marcus is seen holding South Africa's new rand banknotes - which feature an image of former president Nelson Mandela on the front in a file photo. REUTERS/Siphiwe Sibeko play The hand of former South African Reserve Bank Governor Gill Marcus is seen holding South Africa's new rand banknotes - which feature an image of former president Nelson Mandela on the front in a file photo. REUTERS/Siphiwe Sibeko

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.

"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.

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