SA braves public with rate forum

Amid fierce criticism of its decision to hike rates to 11.5%, the South African Reserve Bank will meet members of the public to explain why it has decided to tighten policy four times since the summer when almost a quarter of the population are unemployed.

Tito Mboweni, the governor of the Reserve Bank, will be at the first of ten Monetary Policy Forums, which takes place in Pretoria, to explain why he believes the recent surge in inflation justifies the central bank's decision to raise rates

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