{"id":7195,"date":"2012-01-19T20:55:44","date_gmt":"2012-01-19T18:55:44","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/highlights-s-african-cbank-comments-on-rates\/"},"modified":"2012-01-19T20:55:44","modified_gmt":"2012-01-19T18:55:44","slug":"highlights-s-african-cbank-comments-on-rates","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/highlights-s-african-cbank-comments-on-rates\/","title":{"rendered":"HIGHLIGHTS-S.African cbank comments on rates"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>(Adds further comments from QA)<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">PRETORIA<\/span> Jan 19 (Reuters) &#8211; Below are comments from<br \/>\nSouth African Reserve Bank Governor Gill Marcus on the bank&#8217;s<br \/>\ndecision on interest rates.<\/p>\n<p><span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>ON INFLATION<\/p>\n<p><span><\/span><\/p>\n<p>&#8211; Inflation is now expected to remain above the upper end of<br \/>\nthe target range for a more extended period, but there is still<br \/>\nno evidence of significant demand pressures in the economy.<\/p>\n<p><span><\/span><\/p>\n<p>&#8211; Food prices remain the major driver of inflation,<br \/>\ninfluenced by global and local factors. A smaller than expected<br \/>\nmaize crop contributed to the doubling of maize prices<\/p>\n<p><span><\/span><\/p>\n<p>ON DOMESTIC ECONOMY<\/p>\n<p><span><\/span><\/p>\n<p>&#8211; Since the previous meeting of the Monetary Policy<br \/>\nCommittee, the outlook for domestic inflation and economic<br \/>\ngrowth has deteriorated, posing a serious challenge for monetary<br \/>\npolicy going forward.<\/p>\n<p><span><\/span><\/p>\n<p>&#8211; The primary reason for the worsening domestic growth<br \/>\noutlook is the risk of contagion from the persistent crisis in<br \/>\nEurope, which shows no sign of a speedy resolution.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Adds further comments from QA) PRETORIA Jan 19 (Reuters) &#8211; Below are comments from South African Reserve Bank Governor Gill Marcus on the bank&#8217;s decision on interest rates. ON INFLATION &#8211; Inflation is now expected to remain above the upper end of the target range for a more extended period, but there is still no [&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-7195","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\/7195","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=7195"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7195\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}