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Eurozone crisis affecting SA
SA’s Monetary Policy Committee is being influenced by the Eurozone crisis.
- Greece economic crisis
- Gill Marcus
- Euro Zone
- Reserve bank
- Bank of Greece
- Greeces government
- Greeces central bank
- Greek government
- Europe economic woes
- Greek parliament
- European Parliament
- Continental Europe
- European Central Bank
- Central Europe
- Control Risks Western Europe
- European Monetary Affairs
CAPE TOWN - Reserve Bank Governor Gill Marcus on Thursday said the Eurozone crisis and economic situation in Greece will continue to influence South Africa's Monetary Policy Committee (MPC).
Yesterday, Marcus announced that the repo rate would remain flat at 5.5 percent.
She pointed to among other things, a drop in vehicle exports to Europe.
NKC independent economist’s Christie Viljoen said the situation in Europe will continue to be a factor locally.
“Because we have such a big dependence on exports to Europe, it is a factor that we have to look at internally, so we’ll definitely be discussing the European situation in-depth.
Marcus added that the Eurozone crisis was becoming problematic for the MPC.
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