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UPDATE 1-South Africa's VAT rise won't lead to higher interest rates - c.bank

UPDATE 1-South Africa's VAT rise won't lead to higher interest rates - c.bank LONDON, March 13 (Reuters) - South Africa's central bank expects a hike in value added tax (VAT) to lift inflation by around 0.6 percentage points over the coming year though it doesn't expect to raise interest rates in response, one of its top policymakers said on Tuesday.
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Added March 13, 2018
from Reuters Nigeria