Bank in a straitjacket

22 July 2016 - 09:38

The Reserve Bank has left interest rates unchanged because it expects no growth in the economy this year.

It had earlier predicted 0.6% growth. The International Monetary Fund's latest projection for South Africa's economic growth this year is 0.1%.Although inflation is running higher than the bank's 3%-6% target range - the consumer price index rose 6.

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