{"id":12098,"date":"2012-07-04T12:13:45","date_gmt":"2012-07-04T10:13:45","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/s-africa-inflation-seen-in-target-to-end-2014cbank\/"},"modified":"2012-07-04T12:13:45","modified_gmt":"2012-07-04T10:13:45","slug":"s-africa-inflation-seen-in-target-to-end-2014cbank","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-inflation-seen-in-target-to-end-2014cbank\/","title":{"rendered":"S.Africa inflation seen in target to end-2014:cbank"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">PRETORIA, July 4<\/span> (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.<span><\/span><\/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>While oil was previously seen as the main upside risk to the<br \/>\ninflation outlook, the depreciation of the rand in response to<br \/>\nglobal risk aversion had more recently become the main upside<br \/>\nrisk, it added.<\/p>\n<p><span><\/span><\/p>\n<p>The local banking system remained stable and well<br \/>\ncapitalized, it said, despite the liquidity problems facing some<br \/>\nEuropean countries. South African banks also had minimal<br \/>\nexposure to peripheral euro zone economies, it added.<\/p>\n<p><span><\/span><\/p>\n<p>The bank said it was continuing a policy of building<br \/>\nreserves to try to bring greater stability to the foreign<br \/>\nexchange market and had purchased approximately $4 billion of<br \/>\nforeign exchange in the financial year under review.<\/p>\n<p> (Reporting by Stella Mapenzauswa; Editing by Ed Cropley)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 of 2014, with the main upside risk coming from falls in the rand due to investor risk aversion, the Reserve Bank said on Wednesday. In its 2011\/12 annual report, the [&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-12098","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\/12098","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=12098"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12098\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}