Cen­tral bank may raise in­ter­est rates

Weekend Argus (Saturday Edition) - - LIFE -

South Africa’s cen­tral bank sees it­self in a grad­ual mone­tary pol­icy tight­en­ing cy­cle and stands ready to raise in­ter­est rates if ad­verse de­vel­op­ments on the in­fla­tion front oc­cur, deputy Gover­nor Fran­cois Groepe said yes­ter­day.

In a speech de­liv­ered at a con­fer­ence and posted on the cen­tral bank’s web­site, Groepe said the bank’s grad­ual stance on hik­ing rates was due to slug­gish eco­nomic growth and a neg­a­tive out­put gap.

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