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S. Africa Low Interest Rate Not Enough to Spur Growth: Marcus

South Africa’s low interest rates aren’t enough to stimulate the economy alone, Reserve Bank Governor Gill Marcus said in a speech in Durban today.

The Bank is mindful of the effect that inflation targeting has on job creation, she said.

To contact the reporter on this story: Niki Moore in Johannesburg at nmoore19@bloomberg.net

To contact the editor responsible for this story: Andres R. Martinez at amartinez28@bloomberg.net

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