(Reuters) - Higher interest rates do not necessarily result in a rapid slowdown in spending, but some of the "exuberance" evident in consumer demand has been dampened, South African Finance Minister Trevor Manuel said on Wednesday.
But he warned the central bank would have to raise rates again should consumers continue to spend as they had been, particularly in an environment of rising food prices.
Read more at Reuters Africa
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment