{"id":10684,"date":"2012-05-25T10:03:17","date_gmt":"2012-05-25T08:03:17","guid":{"rendered":"http:\/\/www.myza.co.za\/05\/update-2-s-africa-leaves-rates-unchanged-cpi-risks-unclear\/"},"modified":"2012-05-25T10:03:17","modified_gmt":"2012-05-25T08:03:17","slug":"update-2-s-africa-leaves-rates-unchanged-cpi-risks-unclear","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-2-s-africa-leaves-rates-unchanged-cpi-risks-unclear\/","title":{"rendered":"UPDATE 2-S.Africa leaves rates unchanged, CPI risks unclear"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* SARB cuts inflation forecasts, admits weak rand poses risk<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* International oil prices moderating<\/p>\n<p><span><\/span><\/p>\n<p>* Global uncertainty undermining local growth<\/p>\n<p> (Changes dateline, adds quotes, background, reaction)<\/p>\n<p><span><\/span><\/p>\n<p>By Xola Potelwa<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, May 24 (Reuters) &#8211; South Africa&#8217;s central bank<br \/>\nleft its repo rate steady as expected on Thursday, sounding a<br \/>\nwarning about the effects of a bleak global outlook on the<br \/>\nfragile domestic economy but saying inflation was likely to<br \/>\nmoderate.<\/p>\n<p><span><\/span><\/p>\n<p>Africa&#8217;s biggest economy and a leading emerging market is<br \/>\nstruggling to gain traction after a 2009 recession, especially<br \/>\nas exports to the euro zone &#8211; its biggest trading partner &#8211;<br \/>\nstutter while Europe wallows in its debt crisis.<\/p>\n<p><span><\/span><\/p>\n<p>The bank admitted the inflation picture was muddier than at<br \/>\nthe previous policy meeting two months ago, however, due to the<br \/>\neffects of a sharply weaker rand.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;In this highly volatile and uncertain environment the MPC<br \/>\nis of the view that it is appropriate to maintain the current<br \/>\naccommodative monetary policy stance,&#8221; Governor Gill Marcus<br \/>\nsaid, holding the repo rate at 5.5 percent.<\/p>\n<p><span><\/span><\/p>\n<p>All 31 economists polled by Reuters last week expected the<br \/>\nbank&#8217;s Monetary Policy Committee to keep the rate at which it<br \/>\nlends to commercial banks at three-decade lows to help support<br \/>\neconomic growth.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* SARB cuts inflation forecasts, admits weak rand poses risk * International oil prices moderating * Global uncertainty undermining local growth (Changes dateline, adds quotes, background, reaction) By Xola Potelwa JOHANNESBURG, May 24 (Reuters) &#8211; South Africa&#8217;s central bank left its repo rate steady as expected on Thursday, sounding a warning about the effects of [&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-10684","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\/10684","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=10684"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10684\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}