(Reuters) - South Africa's central bank was closely watching whether another round of oil and food price increases widens inflation, and it would take action if this occured, Governor Tito Mboweni said on Wednesday.
"If we see second round effects coming through it is prudent for the central bank to tighten monetary policy," Mboweni said in a speech in Cape Town, adding that the central bank considered the impact of recent food and oil price hikes as "alarming".
Read more at Reuters Africa
"If we see second round effects coming through it is prudent for the central bank to tighten monetary policy," Mboweni said in a speech in Cape Town, adding that the central bank considered the impact of recent food and oil price hikes as "alarming".
Read more at Reuters Africa
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