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IMF wants SA to hold rate increases
The International Monetary Fund wants South Africa to delay lifting interest rates because of a dramatic slowdown in the developed world according to an article published by Fin24.
In an Article IV report by the IMF it says that strong local demand will underpin growth in South Africa and given the global economic uncertainties, it would be "prudent" for South Africa to delay any rise in interest rates.
It has called on South African policy-makers, the government and unions to moderate real wage growth and increase competition in order to boost job creation efforts.
