MBOWENI DROP A RATES HINT

Reserve Bank governor Tito Mboweni told parliament's finance committee on Friday that there was no other instrument to tame inflation except rates. "The inflation picture is getting a bit more worrying," Mboweni commented. But "actions" already taken and future measures should bring the gauge back into the target band by mid-2008. -- Reuters

Reserve Bank governor Tito Mboweni told parliament's finance committee on Friday that there was no other instrument to tame inflation except rates. "The inflation picture is getting a bit more worrying," Mboweni commented. But "actions" already taken and future measures should bring the gauge back into the target band by mid-2008. -- Reuters

X