S. Africa rates may have to rise to curb inflation: Groepe

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The hand of South African Reserve Bank Governor Gill Marcus is seen holding South Africa's new rand banknotes in PretoriaSouth Africa’s central bank may have to raise interest rates to deal with a deteriorating inflation outlook, deputy governor Francois Groepe said on Wednesday.

“The deteriorating inflation outlook may necessitate policy action as the window for an unchanged stance has narrowed,” Groepe told an investment seminar in Cape Town, adding that the bank was in a policy-tightening cycle.