JOHANNESBURG May 7 (Reuters) – South Africa’s inflation
trend suggests there is little room for the central bank to cut
interest rates at the moment, central bank Governor Gill Marcus
said on Monday.
Speaking at a business briefing in Zurich, Marcus said
monetary policy was accommodative because of the negative output
gap, which signifies the economy is not meeting its potential.
“However, the expected inflation trajectory suggests that
there is limited, if any, room for further monetary
accommodation at this stage,” she said.
(Reporting by Xola Potelwa; editing by David Dolan)
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