S.Africa c.bank sees price pressure outside food, oil

(Reuters) - South Africa's central bank Governor Tito Mboweni said on Friday there was upward pressure on prices from sources other than food and oil, and that while interest rates were generally too high, low rates cause overspending.

"We are noticing a kind of generalised tendency for prices to rise ... so we are seeing generalised price (increases)," he told a breakfast meeting.


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