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“Growth rates have tested the limits of our existing infrastructure. However we do not see an economy on its knees” |
Year-on-year inflation hit 10.1% in March and Mboweni said in an interview in mid-May that the Reserve Bank of South Africa’s quarterly core forecasting model expected the rate to start falling. He said the rate will gradually decline to “below the 6% upper end of the inflation target range during the fourth quarter of 2009.
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