South Africa exhausted monetary policy options to boost growth

Note: This section contains information in English only.
Source: Bloomberg
The Reserve Bank of South Africa remained with limited number of monetary policy tools to support the economic growth in country, as the declining currency raised inflation pressure. The rand lost 16% versus U.S. dollar this year, increasing prices for imported products, such as oil. At the moment the inflation level is 5.5%, while the main interest rate is expected to be kept at 5%.
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Thu, 21 Nov 2013 09:36:22 GMT

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