South Africa's central bank has issued a warning that the country's strained public finances are hindering economic growth and preventing a return to lower inflation. The bank's statement comes as the South African rand strengthens ahead of inflation data. The country's inflation rate has quickened for a second straight month, adding to the case for the central bank to keep interest rates higher for longer. The weakening rand is also being impacted by soaring US Treasury yields. These challenges highlight the need for South Africa to address its financial situation in order to support economic recovery and stability.
South African rand weaker on soaring US Treasury yields https://t.co/CQJAjRkPig https://t.co/9vPbgDKz8R
India rupee to struggle on US yield concerns; odds of record low seen rising https://t.co/yCgqVQzLcI https://t.co/Gap4te3XPj
South African rand gains ahead of September inflation data https://t.co/uvRLAvWVtP https://t.co/y3GDNCnkGE
South Africa's inflation rate quickens for a second straight month, adding to the case for the nation's central bank to keep interest rates higher for longer https://t.co/HSZI8Mjk3q
Indian shares muted as financials offset metals; oil spike, US rate worries weigh https://t.co/gGZ8x32BZJ https://t.co/AWB5iOWum6
South African rand strengthens ahead of inflation data https://t.co/XYEIASMrXl https://t.co/ZO3D1kQSF3
South Africa’s strained public finances are hindering economic growth and a return to lower inflation, warns the country’s central bank https://t.co/ZkIzW8kXjD
South Africa’s strained public finances are hindering economic growth and a return to lower inflation, warns the country’s central bank https://t.co/4KmQIZw3bB
South Africa’s strained public finances are hindering economic growth and a return to lower inflation, warns the country’s central bank https://t.co/fLt1e0P1pX