SARB says SA credit not immediately inflationary

South Africa's central bank governor Tito Mboweni said on Thursday 12 April the country's household spending and credit were not immediately inflationary but warned that bank lending remained "uncomfortably high".

"The thing about household credit and spending is not so much that immediately that's inflationary ... but this level that we are talking about is clearly very high," Mboweni told a televised press conference to announce the bank's decision on interest rates.

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