Economics Editor
THE Reserve Bank’s decision to put monetary policy on hold despite rising inflation will give SA’s hard-pressed consumers a welcome respite, but it is too soon to assume the next move in interest rates will be downwards.
There is still a real risk of interest rate hikes later this year, with the performance of the volatile rand likely to play a key role, along with the effect of soaring electricity prices.
http://www.businessday.co.za/articles/economy.aspx?ID=BD4A696630
Showing posts with label inflation. Show all posts
Showing posts with label inflation. Show all posts
Sunday, 03 February 2008
Saturday, 02 February 2008
Harare’s runaway 26471% inflation
Bloomberg
Nasreen Seria
HARARE — Zimbabwe’s economy contracted for the ninth consecutive year last year and inflation accelerated to a record 26471% in November, the highest in the world, central bank governor Gideon Gono said yesterday.
The Reserve Bank of Zimbabwe raised its benchmark overnight lending rate to 1200% yesterday from 975% to help curb inflation, Gono said in an e-mailed copy of his monetary policy statement.
http://www.businessday.co.za/articles/topstories.aspx?ID=BD4A696570
Nasreen Seria
HARARE — Zimbabwe’s economy contracted for the ninth consecutive year last year and inflation accelerated to a record 26471% in November, the highest in the world, central bank governor Gideon Gono said yesterday.
The Reserve Bank of Zimbabwe raised its benchmark overnight lending rate to 1200% yesterday from 975% to help curb inflation, Gono said in an e-mailed copy of his monetary policy statement.
http://www.businessday.co.za/articles/topstories.aspx?ID=BD4A696570
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