South Africa's Reserve Bank: Inflation remains within target range, but risks are on the upside

Haresh Menghani FXStreet

South Africa's central bank was out with some comments on the domestic economy and said that while inflation remains within target range, risks are on the upside.

The central bank of the Republic of South Africa anticipates economic growth to be modest in 2018, "much lower" than initial expectations, now foresees GDP growth of 1.2% in 2018, 1.9% in 2018 and 2% in 2020.

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Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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