{"id":10617,"date":"2012-05-08T00:53:07","date_gmt":"2012-05-07T22:53:07","guid":{"rendered":"http:\/\/www.myza.co.za\/05\/update-1-safrica-cpi-shows-little-room-to-cut-rates-marcus\/"},"modified":"2012-05-08T00:53:07","modified_gmt":"2012-05-07T22:53:07","slug":"update-1-safrica-cpi-shows-little-room-to-cut-rates-marcus","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-safrica-cpi-shows-little-room-to-cut-rates-marcus\/","title":{"rendered":"UPDATE 1-SAfrica CPI shows little room to cut rates: Marcus"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* C.bank sees little room for further accommodative policy<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Inflation to return to within target by year-end<\/p>\n<p> (Adds background, details)<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> May 7 (Reuters) &#8211; South Africa&#8217;s Central Bank<br \/>\nGovernor Gill Marcus said on Monday there was little room to cut<br \/>\ninterest rates and that the bank had to be mindful of higher<br \/>\ninflation despite the rand&#8217;s volatility on foreign exchange<br \/>\nmarkets.<\/p>\n<p><span><\/span><\/p>\n<p>The bank has left interest rates unchanged at 5.5 percent<br \/>\nfor 16 months after cutting them by 650 basis points over a<br \/>\ntwo-year loosening cycle that ended in November 2010.<\/p>\n<p><span><\/span><\/p>\n<p>In a speech at a business briefing in Zurich, Marcus said<br \/>\nthe domestic inflation trend suggested there was little scope<br \/>\nfor further accommodative monetary policy, if all other factors<br \/>\nremained the same.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The expected inflation trajectory suggests that there is<br \/>\nlimited, if any, room for further monetary accommodation at this<br \/>\nstage,&#8221; she said, adding that significant changes to factors<br \/>\nsuch as the domestic growth outlook and the global economy could<br \/>\nalter the situation.<\/p>\n<p><span><\/span><\/p>\n<p>The bank expects inflation, at 6 percent in March, to return<br \/>\nto within its  3-6 percent target range by the end of the year<br \/>\n&#8220;on a sustainable basis&#8221;.<\/p>\n<p><span><\/span><\/p>\n<p>The next policy rate decision is expected on May 24.<\/p>\n<p><span><\/span><\/p>\n<p>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* C.bank sees little room for further accommodative policy * Inflation to return to within target by year-end (Adds background, details) JOHANNESBURG May 7 (Reuters) &#8211; South Africa&#8217;s Central Bank Governor Gill Marcus said on Monday there was little room to cut interest rates and that the bank had to be mindful of higher inflation [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10617","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10617"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10617\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}