{"id":8972,"date":"2012-03-16T03:14:19","date_gmt":"2012-03-16T01:14:19","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/update-2-s-africas-cenbank-changes-tone-on-inflation\/"},"modified":"2012-03-16T03:14:19","modified_gmt":"2012-03-16T01:14:19","slug":"update-2-s-africas-cenbank-changes-tone-on-inflation","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-2-s-africas-cenbank-changes-tone-on-inflation\/","title":{"rendered":"UPDATE 2-S.Africa&#8217;s cenbank changes tone on inflation"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Inflation likely also being driven by demand pressures<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* CPI could return to target by year-end<\/p>\n<p><span><\/span><\/p>\n<p>* Investment lacking, consumer-driven growth undesirable<br \/>\npath<\/p>\n<p><span><\/span><\/p>\n<p>By Xola Potelwa<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, March 15 (Reuters) &#8211; Inflation pressures<br \/>\nin South Africa are now likely becoming more generalized,<br \/>\nreflecting demand-side pressure rather than only external<br \/>\nfactors, the central bank warned, seeming to signal an eventual<br \/>\nmonetary tightening.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;In general, monetary policy can do little to combat the<br \/>\nimpact or first round effects of inflation that is driven by<br \/>\nexogenous shocks,&#8221; South African Reserve Bank Governor (SARB)<br \/>\nGill Marcus said in a statement on the bank&#8217;s website on<br \/>\nThursday.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;However, the most recent data seem to suggest that<br \/>\ninflation is becoming more generalized, and may reflect the<br \/>\nemergence of demand pressures. This is something that the Bank<br \/>\nwill monitor very carefully,&#8221; he said.<\/p>\n<p><span><\/span><\/p>\n<p>The central bank has kept interest rates unchanged at<br \/>\n30-year lows of 5.5 percent, after a cumulative 650-basis-point<br \/>\nreduction in the two years to November 2010.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Alarm bells went off in my head because this is the first<br \/>\ntime ever since the crisis that we&#8217;ve had the SARB saying this<br \/>\nsort of thing,&#8221; said Razia Khan, head of Africa Research at<br \/>\nStandard Chartered.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Inflation likely also being driven by demand pressures * CPI could return to target by year-end * Investment lacking, consumer-driven growth undesirable path By Xola Potelwa JOHANNESBURG, March 15 (Reuters) &#8211; Inflation pressures in South Africa are now likely becoming more generalized, reflecting demand-side pressure rather than only external factors, the central bank warned, [&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-8972","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\/8972","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=8972"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8972\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}