South African rates high enough: Mnyande

The South African Reserve Bank's tightening cycle could be at an end after a senior official said that rates were now at an appropriate level to contain inflation.

Monde Mnyande, the chief economist at the Reserve Bank, said on Thursday that it was "the view of the South African Reserve Bank that the current monetary policy stance is appropriate to deal with the inflationary pressures we are facing."

"Most demand-side indicators are either close to, or have already reached their peaks, whilst

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