Tuesday, 15 May 2007

South Africa's Inflation Target Range `Threatened,' Central Bank Says

(Bloomberg) -- South African inflation will remain close to the top of 3 percent to 6 percent target range in coming months, and may exceed the upper limit if oil and food prices continue to gain, the Reserve Bank said.

``The target could be threatened,'' the Pretoria-based Reserve Bank said in its biannual Monetary Policy Review today.


Read more at Bloomberg Emerging Markets News

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