JOHANNESBURG, July 4 (Reuters) – The move by South Africa’s
Reserve Bank to keep interest rates steady since late 2010 has
helped create certainty over its mandate to balance price
stability with economic growth and job creation, Governor Gill
Marcus said on Wednesday.
“It’s not just a question of raising rates or lowering rates
… As you see, we’ve held rates for a very long period of time,
but in our view that has created the greatest certainty around
the framework,” Marcus said at a forum in Johannesburg.
(Reporting by Stella Mapenzauswa; Writing by Xola Potelwa;
Editing by Jon Herskovitz)
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