{"id":7154,"date":"2012-01-18T20:53:53","date_gmt":"2012-01-18T18:53:53","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/wrapup-1-s-african-rates-to-be-steady-economy-still-weak\/"},"modified":"2012-01-18T20:53:53","modified_gmt":"2012-01-18T18:53:53","slug":"wrapup-1-s-african-rates-to-be-steady-economy-still-weak","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/wrapup-1-s-african-rates-to-be-steady-economy-still-weak\/","title":{"rendered":"WRAPUP 1-S.African rates to be steady, economy still weak"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>(Wraps CPI, PMI and retail sales data)<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* CPI steady at 6.1 pct y\/y in Dec<\/p>\n<p><span><\/span><\/p>\n<p>* PMI back in contraction territory<\/p>\n<p><span><\/span><\/p>\n<p>* Retails sales growth lower than expected<\/p>\n<p><span><\/span><\/p>\n<p>By Phumza Macanda<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Jan 18 (Reuters) &#8211; South Africa&#8217;s<br \/>\nmanufacturing sector is in the doldrums and growth in consumer<br \/>\ndemand slowed more than expected, suggesting economic growth<br \/>\nmight not be strong enough to withstand rate increases this<br \/>\nyear.<\/p>\n<p><span><\/span><\/p>\n<p>The Reserve Bank&#8217;s first monetary policy committee meeting<br \/>\nof the year is underway, with its decision due on Thursday<br \/>\naround 1300 GMT.<\/p>\n<p><span><\/span><\/p>\n<p>The bank is expected to leave the repo rate unchanged at 5.5<br \/>\npercent with deliberations likely to focus on when it can start<br \/>\nto safely raise rates without harming a sluggish recovery.<\/p>\n<p><span><\/span><\/p>\n<p>In a Reuters poll all 25 analysts expected the Reserve Bank<br \/>\nto leave the repo rate unchanged with twelve expecting rates to<br \/>\nstart rising next year. Two saw a chance of another rate cut<br \/>\nbefore year end 2012.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Wraps CPI, PMI and retail sales data) * CPI steady at 6.1 pct y\/y in Dec * PMI back in contraction territory * Retails sales growth lower than expected By Phumza Macanda JOHANNESBURG, Jan 18 (Reuters) &#8211; South Africa&#8217;s manufacturing sector is in the doldrums and growth in consumer demand slowed more than expected, suggesting [&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-7154","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\/7154","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=7154"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7154\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}