(Reuters) - Higher interest rates in South Africa have had little impact on economic growth and should not result in a big loss of output, Finance Minister Trevor Manuel said on Monday.
South Africa's central bank raised its repo rate by 50 basis points to 9.5 percent earlier this month, resuming an upward cycle after lifting it 200 basis points between June and December last year to tame rising inflationary pressures, and high consumer spending.
Read more at Reuters Africa
South Africa's central bank raised its repo rate by 50 basis points to 9.5 percent earlier this month, resuming an upward cycle after lifting it 200 basis points between June and December last year to tame rising inflationary pressures, and high consumer spending.
Read more at Reuters Africa
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