With South Africa’s rising inflation, the Reserve Bank says it is necessary to raise interest rates. “Tolerating additional inflation in the short run could require larger interest rate adjustments later, with proportionally greater costs for the economy. Higher inflation would also have its own economic costs by damaging competitiveness, eroding living standards and weakening confidence,” […]
Read the full article by Alan Straton here: Business – MyPE News
Submit and get free press releases here: MyPR Free Press Release.
Click here to submit an advertorial for your business.
