THE SMART NEWS SOURCE | Feb 10 2012 11:10 | LAST UPDATED Feb 10 2012 11:10 |
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Zimbabwe inflation quickens, crisis persistsZimbabwe's inflation rose to 1% month-on-month in July from 0,6% in June, figures released by the Central Statistical Office showed on Wednesday. Mboweni says SARB should ignore pressureSouth Africa's central bank should pursue its objectives of maintaining price stability regardless of political pressure, Governor Tito Mboweni said. Making too much of moneyWith interest rates going negative, only the rich can afford to stay in cash Zim inflation rises in JunePrices in Zimbabwe rose in June, ending four months of deflation that followed the scrapping of the local currency, the government said Monday. SA May credit growth slows, firms cut backGrowth in credit demand in South Africa's private sector slowed sharply in May as companies curbed their borrowing. 'Inflation still a concern for consumers'SA's targeted consumer inflation slowed to 8% year-on-year in May, slightly above expectations, from 8,4% in April, official data showed on Wednesday. Reserve Bank says inflation to ease on slowing growthSA's economy will remain lacklustre this year, helping to cool inflation, although expected electricity price increases pose a risk to the outlook. Inflation up 8,6% in February, breaks declining trendThe increase in South Africa's consumer price index was up 8,6% in February from 8,1% year-on-year in January, Statistics SA said on Wednesday. Zim's blueprint for recoveryThe rand would be used to measure progress, but would not become Zimbabwe's official currency. SA's consumer inflation slows, early rate cut possibleSouth Africa's targeted headline consumer price index inflation slowed to 8,1% year-on-year in January but was above forecasts. |
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