Interest rates seen unchanged despite inflation surge

source: Mmegi
Staff Writer

Consumer inflation quickened by 0.3 percentage points to 6.1 percent in January largely due to higher education and vehicle costs, the Central Statistic office (CSO) has reported.

The January increase, which is the second in a row, sees the annual inflation rate jumping out of the central bank’s 3-6 percent inflation objective.

The central bank has been implementing an expansionary monetary policy which saw interest rates easing by 9 percentage points in 2009 as inflation fell from as high as 15.1 percent in [continue reading]

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