SARB-South Africa's inflation outlook has improved

SOUTH AFRICA - Central bank governor Tito Mboweni sent a strong signal on Tuesday that interest rates may not rise again in November, saying the country's inflation outlook had improved "significantly".

Reuters reported Mboweni said the bank's targeted CPIX consumer price index would peak above 10 percent in the final quarter of 2002, but fall below six percent, the upper end of its three to six percent target range, by the second half of 2003.

"Despite continued rises in consumer price inflat