JOHANNESBURG, March 1 (Reuters) – South Africa’s
current macroeconomic climate poses policy challenges in
balancing the response to upward pressure on domestic inflation
and weak economic activity, Reserve Bank Chief Economist Monde
Mnyande said on Thursday.
“South Africa currently faces the reality of elevated
inflationary pressures and moderate growth. This is proving to
be a difficult environment within which to make significant
inroads into the persistently high unemployment rate,” Mnyande
said in a speech posted on the Bank’s website.
(Reporting by Stella Mapenzauswa)
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