IMF's Lipsky calls for SA vigilance on rates

South Africa has responded "appropriately" to rising inflationary pressure but needs to remain vigilant, IMF first deputy managing director John Lipsky said on Tuesday 7 November.

"The Reserve Bank has responded appropriately to signs of inflationary pressures over the past few months, but will need to remain vigilant particularly in view of the uncertainties surrounding the external environment," Lipsky said in a statement at the end of a visit to South Africa.

Lipsky said South Africa was

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