Thursday, June 7, 2007

S.Africa c.bank: preliminary data suggests narrower c/acct

(Reuters) - South Africa's central bank said on Thursday preliminary data suggested the country's current account deficit narrowed in the first quarter of this year from the Q4 in 2006.

Reserve Bank Governor Tito Mboweni also told a televised press conference that food and oil price prices as well as continued high household expenditure posed risks to the inflation outlook.


Read more at Reuters Africa

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