South Africa: Consumer Inflation Breaching Reserve Bank's 3-6% Target

The South African rand has firmed to a near two month high following the Reserve Bank's decision to keep rates on hold. The Central bank held its Monetary Policy Meeting this week citing a number of concerns and risks to the country's inflation rate, which currently stands at 6.8% well over the 6% targeted. With the economy still weak, the Bank opted to hold off on any rates moves. Sumitra Nydoo reports
South Africa