Harsh words

Measures to deal with surging consumer prices will hurt but central bank policy makers are not "inflation nutters", Reserve Bank governor Tito Mboweni said in an article published yesterday. He said reasons for a hike in inflation were broader than food and fuel costs. The central bank has raised its repo rate to 12percent. Asked if there was more to come, Mboweni said: "Yes - and it will be painful." - Reuters

Measures to deal with surging consumer prices will hurt but central bank policy makers are not "inflation nutters", Reserve Bank governor Tito Mboweni said in an article published yesterday. He said reasons for a hike in inflation were broader than food and fuel costs. The central bank has raised its repo rate to 12percent. Asked if there was more to come, Mboweni said: "Yes - and it will be painful." - Reuters

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