SARB Warns of Rising Inflation Risks
South Africas central bank warned that second-round inflation risks are growing as higher oil prices and El Nino weather patterns persist. The bank stated it will act decisively to prevent temporary price rises from becoming entrenched.
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South Africa's central bank warned on Tuesday morning that second-round inflation risks are mounting as Brent Crude Oil prices stay elevated and El Nino pressures cloud the economic outlook.
The warning highlights persistent cost pressures facing the continent's largest economy. Headline inflation stood at 4.4% in August.
