FRANKFURT (MarketWatch) -- South Africa's central bank kept its benchmark interest rate unchanged at 7% on Tuesday, meeting market expectations. The domestic economy will continue to recover, but economic growth is expected to remain below potential for some time, the South African Reserve Bank said in a statement. "The main threat to the inflation outlook emanates from possible electricity price increases," the bank said. The SARB also decided to revert to its previous pattern of meeting every alternate month. As a result, the bank cancelled its December meeting and announced it will meet next in late January.
Source : http://www.marketwatch.com/story/south-africa-keeps-interest-rates-unchanged-at-7-2009-11-17
No comments:
Post a Comment