Tuesday, May 15, 2007

South Africa inflation seen in target, risks remain

(Reuters) - South Africa's targeted inflation should remain within its range, but the target could be threatened by adverse developments and a poor response to past monetary tightening, the central bank said on Tuesday.

In its latest monetary policy review, the Reserve Bank said it remained focused on keeping key CPIX inflation within a 3-6 percent band, and would act appropriately to ensure that this mandate was achieved.


Read more at Reuters Africa

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