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South Africa's Inflation Surges, Raising Concerns for Central Bank
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South Africa's October inflation rises to 5.9%, higher than expected, prompting concerns about the central bank's interest rate decisions. The central bank's governor, Lesetja Kganyago, emphasizes the commitment to preserving price stability but warns of risks to the inflation outlook. The central bank is expected to maintain interest rates steady in the near future.
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How might the global currency realignment affect other currencies and economies?
How might the higher-than-expected inflation impact the South African economy?
What measures can the central bank take to address the risks to the inflation outlook?
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