JOHANNESBURG, Sept 20 (Reuters) - Below are comments from South African Reserve Bank Governor Gill Marcus on the Monetary Policy Committee's interest rate decision on Thursday. INFLATION "Despite the number of upside, supply-side risks, inflation is expected to remain contained within the target range over the forecast period. "Global inflation remains … [Read more...] about HIGHLIGHTS-S.Africa central bank comments on rates
reuters
S.Africa’s rand weakens slightly on inflation outlook
JOHANNESBURG, Sept 20 (Reuters) - South Africa's rand weakened slightly against the dollar on Thursday after the central bank forecast that inflation would average 5.3 percent in the fourth quarter. The rand weakened to 8.3639 against the dollar at 1304 GMT, compared with 8.359 earlier in the trading session. (Reporting by Vuyani Ndaba; Editing by David Dolan) … [Read more...] about S.Africa’s rand weakens slightly on inflation outlook
S.Africa rand recovers some ground on rate decision
JOHANNESBURG, Sept 20 (Reuters) - South Africa's rand recovered some lost ground on Thursday, immediately after the central bank kept its benchmark repo rate steady at 5 percent. The rand was at 8.35 to the dollar following the decision, having weakened to 8.38 earlier in the session on the central bank's inflation outlook. (Reporting by Vuyani Ndaba; editing by David … [Read more...] about S.Africa rand recovers some ground on rate decision
UPDATE 1-S.Africa leaves repo rate unchanged at 5 pct
* Trims 2012 growth forecast to 2.6 pct * Rising food, fuel prices main risk to CPI outlook (Adds details, quotes) PRETORIA, Sept 20 (Reuters) - South Africa's Reserve Bank left its repo rate unchanged at 5.0 percent on Thursday, as expected, saying there was no need for more monetary loosening after a "pre-emptive" cut in July to combat challenging global and … [Read more...] about UPDATE 1-S.Africa leaves repo rate unchanged at 5 pct
INTERVIEW-South Africa’s Zuma: "I am with the people"
* President dismisses charge of being out of touch * Says populist opponent Malema 'has no influence' * Zuma predicts smooth party leadership contest By Luke Baker BRUSSELS, Sept 19 (Reuters) - South African President Jacob Zuma dismissed critics who accuse him of being out of touch with the people and brushed aside one of his most vocal opponents, saying … [Read more...] about INTERVIEW-South Africa’s Zuma: "I am with the people"
