(Bloomberg) -- South Africa's central bank increased
its benchmark rate by half a point on concern that rising energy
and food prices will push up other costs, threatening to keep
inflation above the target range.
The Reserve Bank raised the repurchase rate to 9.5 percent,
the first increase since Dec. 7, Governor Tito Mboweni said in a
televised speech from Pretoria today. That was in line with the
forecasts of 20 of 25 economists surveyed by Bloomberg.
Read more at Bloomberg Emerging Markets News
its benchmark rate by half a point on concern that rising energy
and food prices will push up other costs, threatening to keep
inflation above the target range.
The Reserve Bank raised the repurchase rate to 9.5 percent,
the first increase since Dec. 7, Governor Tito Mboweni said in a
televised speech from Pretoria today. That was in line with the
forecasts of 20 of 25 economists surveyed by Bloomberg.
Read more at Bloomberg Emerging Markets News
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