JOHANNESBURG, March 15 (Reuters) – Recent data
suggests that inflation in South Africa is now likely being
driven by demand pressures rather than only exogenous factors,
central bank Governor Gill Marcus said in a statement on the
bank’s website on Thursday.
Speaking at a business dinner, Marcus also said it was
preferable to improve the country’s debt to GDP ratio by
increasing economic growth instead of cutting down on the
absolute level of debt, which could cause a decline in growth.
(Reporting by Xola Potelwa)
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