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South Africa central bank warns of rising second-round inflation risks
Original: South Africa central bank says second-round inflation risks rise
The South African Reserve Bank says the risk of second-round inflation effects is increasing, according to a Reuters report. Second-round risks refer to initial price shocks feeding through into wages and broader price-setting, which can make inflation more persistent and complicate the bank's policy decisions. The warning comes as policymakers in South Africa, like their peers globally, weigh how long to keep interest rates restrictive.
Why now: Renewed inflationary pressure in South Africa raises expectations about the direction of interest rates.
South African Reserve BankSouth Africa
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