SARB's Mboweni highlights inflation risks

The South African Reserve Bank last week left the repurchase rate unchanged at 7%, but governor, Tito Mboweni, cautioning that robust domestic demand together with oil and food prices posed potential risks to the inflation outlook.

"Two exogenous factors, namely oil and food price developments, are potential risks to the inflation outlook. The robust domestic demand is an important factor which could negatively affect the inflation outcome," Mboweni said in a televised news conference.

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