Masia: Concerned About South African Growth Next Year
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South Africa's central bank is stepping up its fight against inflation, raising interest rates for the second time this year. The unanimous quarter-point hike takes the benchmark rate to 7.25%, as higher oil prices and persistent services inflation add to price pressures. Danelee Masia, Deutsche Bank South Africa CEO and Chief Economist for CEEMEA spoke to Bloomberg’s Jennifer Zabasajja on Horizons Middle East & Africa on the latest numbers. (Source: Bloomberg)
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Source: This article was originally published by Bloomberg. All rights reserved to the original publisher.
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