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South Africa's Reserve Bank Surveys Firms to Guide Rate Policy
Original: South Africa’s Reserve Bank Surveys Firms to Guide Rate Policy
The South African Reserve Bank is surveying companies across the country to gather information on pricing, costs and business conditions, with the findings intended to inform its interest rate decisions. The move reflects the central bank's effort to get a clearer read on inflation pressures in the economy before adjusting its policy stance.
Why now: Interest rate decisions directly affect borrowing costs and inflation, making the central bank's data-gathering newly relevant to businesses and households.
South African Reserve BankSouth Africa
Evidence
- South Africa’s Reserve Bank Surveys Firms to Guide Rate Policy · Bloomberg.com
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