Kganyago says low point for growth has ‘passed’
Sarb governor says inflation is “uncomfortably close” to upper end of target range
While the growth outlook for South Africa remains subdued, the low point has now "passed" and the economy is forecast to grow at 0.4% in 2016, the governor of the South African Reserve Bank (Sarb) told reporters on November 24.
At a press conference on the central bank's decision to hold interest rates at 7%, Lesetja Kganyago said inflation remained "uncomfortably close" to the upper end of the bank's target range. Annual inflation measured 6.4% at the end of October.
"While the committee
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