{"id":12097,"date":"2012-07-04T12:13:44","date_gmt":"2012-07-04T10:13:44","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/update-1-rand-weakness-main-s-africa-inflation-riskcbank\/"},"modified":"2012-07-04T12:13:44","modified_gmt":"2012-07-04T10:13:44","slug":"update-1-rand-weakness-main-s-africa-inflation-riskcbank","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-rand-weakness-main-s-africa-inflation-riskcbank\/","title":{"rendered":"UPDATE 1-Rand weakness main S.Africa inflation risk:cbank"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>(Adds details, background)<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Inflation seen in target to end-2014<\/p>\n<p><span><\/span><\/p>\n<p>* Falls in rand pose main upside risk to inflation<\/p>\n<p><span><\/span><\/p>\n<p>* Bank continues to build reserves to aid FX stability<\/p>\n<p><span><\/span><\/p>\n<p>PRETORIA, July 4 (Reuters) &#8211; South African inflation is<br \/>\nexpected to remain within its 3-6 percent target range on a<br \/>\nsustained basis to the end of 2014, with the main upside risk<br \/>\ncoming from falls in the rand due to investor risk aversion, the<br \/>\nReserve Bank said on Wednesday.<\/p>\n<p><span><\/span><\/p>\n<p>In its 2011\/12 annual report, the central bank reiterated<br \/>\nthat the domestic growth outlook had deteriorated mainly due to<br \/>\nglobal uncertainties, saying it had trimmed its forecasts.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The global environment continues to provide an uncertain,<br \/>\nunstable and risky backdrop against which price and financial<br \/>\nstability in the domestic economy have to be maintained,&#8221;<br \/>\nGovernor Gill Marcus said in a statement accompanying the<br \/>\nreport.<\/p>\n<p><span><\/span><\/p>\n<p>The Reserve Bank has kept its repo rate unchanged at 5.5<br \/>\npercent since November 2010 to try and boost economic growth,<br \/>\nwhich it now sees at 2.9 percent in 2012 from an earlier<br \/>\nforecast of 3.0 percent.<\/p>\n<p><span><\/span><\/p>\n<p>The Treasury sees growth at 2.7 percent this year.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Adds details, background) * Inflation seen in target to end-2014 * Falls in rand pose main upside risk to inflation * Bank continues to build reserves to aid FX stability PRETORIA, July 4 (Reuters) &#8211; South African inflation is expected to remain within its 3-6 percent target range on a sustained basis to the end [&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-12097","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\/12097","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=12097"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12097\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}