Curb inflation, not economy - Tito Mboweni

SOUTH AFRICA - Central bank governor Tito Mboweni sent a strong signal on Thursday that interest rates may have peaked, saying the fight against inflation must not jeopardise the health of the overall economy.

"Flexible inflation targeting implies that the bank should avoid severe corrective action to bring inflation in 2003 or any of the subsequent years to within the target range at significant cost to the real economy," Mboweni said.

"At the same time ... the bank must ensure that any

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