Mboweni talks tough on rates

Tito Mboweni, the governor of the South African Reserve Bank, said that the central bank's monetary policy committee has discussed the impact of a 200-basis-point hike.

"We need to move very strongly now," Mboweni said in an interview following a speech at the Gordon Institute of Business in Johannesburg on Wednesday evening. "Two hundred basis points is possible."

The governor added that "drastic situations require drastic measures" and emphasised that the task of the central bank is to keep

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