Inflation bug likely to hurt again

2008-01-15 00:00

While the country’s slower growth levels in 2008 will put the final touches to a picture that has been in the making for some time now, it is probably the high inflation bug that will continue to hurt ordinary South Africans this year.

While weaker economic data (like soft manufacturing and new vehicle sales data) may convince the Sarb to keep rates unchanged so as not to hurt economic growth prospects, consistently high inflation coupled with the revelation of the latest credit growth figures may strengthen the case for another 0,5% rate hike.

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